Deckers Outdoor Corporation (DECK)
Payables turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,371,040 | 2,977,280 | 2,588,210 | 2,048,980 | 1,799,390 |
| Payables | US$ in thousands | 378,503 | 265,605 | 327,487 | 231,632 | 147,892 |
| Payables turnover | 8.91 | 11.21 | 7.90 | 8.85 | 12.17 |
March 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $3,371,040K ÷ $378,503K
= 8.91
The payables turnover ratio for Deckers Outdoor Corporation has exhibited some fluctuation over the past five years. In the latest fiscal year ending March 31, 2024, the payables turnover ratio stood at 8.91, indicating that the company paid off its accounts payable approximately 8.91 times during the year.
Compared to the previous year, the payables turnover ratio decreased from 11.21 to 8.91, suggesting a slower rate of paying off the accounts payable in the most recent year. This may potentially indicate a change in the company's payment policies or the management of its accounts payable.
When looking at the trend over the five-year period, there is variability in the payables turnover ratio, with the highest ratio of 12.17 in the fiscal year ending March 31, 2020, and the lowest ratio of 7.90 in the fiscal year ending March 31, 2022.
Overall, the payables turnover ratio for Deckers Outdoor Corporation has shown some fluctuations over the years, and further analysis would be needed to understand the reasons behind these changes and to assess the company's efficiency in managing its accounts payable.
Peer comparison
Mar 31, 2024