Deckers Outdoor Corporation (DECK)
Inventory turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,099,950 | 1,902,280 | 1,801,920 | 1,542,790 | 1,171,550 |
| Inventory | US$ in thousands | 495,226 | 474,311 | 532,852 | 506,796 | 278,242 |
| Inventory turnover | 4.24 | 4.01 | 3.38 | 3.04 | 4.21 |
March 31, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,099,950K ÷ $495,226K
= 4.24
Deckers Outdoor Corporation's inventory turnover ratio has shown variability over the past five years. In March 2021, the inventory turnover ratio was 4.21, indicating that the company turned over its inventory approximately 4.21 times during the year. This ratio decreased to 3.04 in March 2022, suggesting a slower rate of inventory turnover. However, in the following years, there was a gradual improvement in the inventory turnover ratio, reaching 3.38 in March 2023, 4.01 in March 2024, and 4.24 in March 2025.
The increase in the inventory turnover ratio from 2022 to 2025 suggests that Deckers Outdoor Corporation has been more efficient in managing its inventory, potentially reducing carrying costs and improving liquidity. A higher inventory turnover ratio typically indicates that the company is selling goods more quickly, which can be a positive indicator of operational efficiency and effective inventory management. Overall, the trend in Deckers Outdoor Corporation's inventory turnover ratio demonstrates an improvement in the management of its inventory over the years.
Peer comparison
Mar 31, 2025