Deckers Outdoor Corporation (DECK)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,371,044 | 3,233,148 | 3,143,718 | 3,024,211 | 2,977,276 | 2,942,981 | 2,857,543 | 2,703,481 | 2,588,207 | 2,442,171 | 2,293,733 | 2,194,933 | 2,046,267 | 1,897,074 | 1,830,939 | 1,781,092 | 1,796,581 | 1,801,656 | 1,747,769 | 1,714,196 |
| Inventory | US$ in thousands | 474,311 | 538,963 | 726,332 | 740,553 | 532,852 | 723,364 | 925,043 | 839,509 | 506,796 | 550,749 | 636,270 | 457,704 | 278,242 | 305,298 | 484,138 | 434,974 | 311,620 | 365,946 | 558,875 | 473,394 |
| Inventory turnover | 7.11 | 6.00 | 4.33 | 4.08 | 5.59 | 4.07 | 3.09 | 3.22 | 5.11 | 4.43 | 3.60 | 4.80 | 7.35 | 6.21 | 3.78 | 4.09 | 5.77 | 4.92 | 3.13 | 3.62 |
March 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,371,044K ÷ $474,311K
= 7.11
Deckers Outdoor Corporation's inventory turnover has fluctuated over the past several quarters. The inventory turnover ratio measures how many times a company's inventory is sold and replaced over a period, indicating how efficiently inventory is managed.
Looking at the data provided, we can see that the inventory turnover ratio ranged from as low as 3.09 to as high as 7.35. A higher inventory turnover ratio generally indicates that the company is efficiently managing its inventory levels.
In the most recent quarter, the inventory turnover ratio was 7.11, which is relatively high compared to the previous quarters. This suggests that Deckers Outdoor Corporation was able to sell and replace its inventory more frequently during this period.
Overall, it is important for the company to strike a balance between having enough inventory to meet demand and not holding excess inventory that could tie up capital. Monitoring inventory turnover can help the company optimize its inventory management processes and improve overall operational efficiency.
Peer comparison
Mar 31, 2024
Mar 31, 2024
See also:
Deckers Outdoor Corporation Inventory Turnover (Quarterly Data)