Deckers Outdoor Corporation (DECK)
Number of days of payables
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.91 | 11.21 | 7.90 | 8.85 | 12.17 | |
| Number of days of payables | days | 40.98 | 32.56 | 46.18 | 41.26 | 30.00 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.91
= 40.98
The analysis of Deckers Outdoor Corporation's number of days of payables over the past five years reveals fluctuations in the company's ability to manage its trade payables effectively. The number of days of payables measures the average number of days it takes for the company to pay its suppliers.
In the most recent fiscal year ending March 31, 2024, Deckers Outdoor Corporation had an average payable period of 40.98 days, indicating that the company takes approximately 41 days to settle its trade payables. This represents an increase compared to the previous year where the number of days of payables was 32.56 days.
Looking further back, in fiscal year 2022, the company's number of days of payables increased significantly to 46.18 days compared to the prior year's 41.26 days. However, in fiscal year 2020, Deckers had a shorter average payable period of 30.00 days, showcasing a more efficient management of trade payables.
The fluctuation in the number of days of payables suggests varying relationships with suppliers and changes in the company's working capital management practices over the years. It is crucial for Deckers Outdoor Corporation to strike a balance in managing its payables effectively to ensure healthy supplier relationships while optimizing cash flow and liquidity.
Peer comparison
Mar 31, 2024