Deckers Outdoor Corporation (DECK)
Days of sales outstanding (DSO)
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 12.61 | 11.87 | 7.80 | 12.74 | 11.84 | 10.79 | 7.44 | 9.57 | 9.82 | 8.54 | 7.46 | 12.43 | 11.47 | 7.30 | 6.58 | 14.24 | 11.01 | 7.29 | 6.14 | 12.52 | |
| DSO | days | 28.95 | 30.75 | 46.82 | 28.65 | 30.82 | 33.81 | 49.08 | 38.13 | 37.18 | 42.76 | 48.93 | 29.37 | 31.83 | 50.03 | 55.50 | 25.63 | 33.16 | 50.04 | 59.48 | 29.16 |
March 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 12.61
= 28.95
Days of Sales Outstanding (DSO) is a key metric used to evaluate how quickly a company is able to collect its accounts receivable. DSO is calculated by dividing accounts receivable by average daily sales and then multiplying the result by the number of days in the period. A lower DSO indicates that the company is collecting receivables more quickly.
In the case of Deckers Outdoor Corporation, the DSO has fluctuated over the past few quarters. As of March 31, 2024, the DSO was 28.95 days, which was lower compared to the previous quarter. This indicates that Deckers Outdoor Corporation was able to collect its accounts receivable more efficiently in the most recent period.
Looking at the trend over the past few quarters, there have been fluctuations in DSO, with some periods showing higher numbers such as 59.48 days in June 2019 and 50.03 days in September 2020. These higher DSO figures suggest that the company was facing challenges in collecting its accounts receivable efficiently during those periods.
Overall, it is important for Deckers Outdoor Corporation to aim for a consistent and preferably lower DSO figure, as it indicates better cash flow management and efficient collection of receivables. Monitoring DSO regularly can help the company identify any issues in its accounts receivable processes and take appropriate actions to improve cash flow and liquidity.
Peer comparison
Mar 31, 2024
See also:
Deckers Outdoor Corporation Average Receivable Collection Period (Quarterly Data)