Deckers Outdoor Corporation (DECK)

Activity ratios

Short-term

Turnover ratios

	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Inventory turnover	6.56	4.62	4.59	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
Receivables turnover	14.91	8.16	13.34	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
Payables turnover	6.45	6.70	5.38	8.91	6.37	6.59	5.78	11.21	6.04	5.92	4.48	7.90	5.07	4.61	5.58	8.83	6.26	5.85	7.02	12.15
Working capital turnover	2.20	2.55	2.61	2.49	2.39	2.75	2.56	2.57	2.50	2.88	2.83	2.60	2.35	2.47	2.46	2.15	1.84	2.23	2.39	2.39

Deckers Outdoor Corporation's inventory turnover ratio has shown fluctuations over the years, ranging from a low of 3.09 to a high of 7.35. Generally, a higher inventory turnover indicates efficient management of inventory levels and a more rapid conversion of inventory into sales.

The receivables turnover ratio has also varied, with values between 6.58 and 14.91. A higher receivables turnover ratio suggests that the company is efficient in collecting outstanding receivables from customers.

In terms of payables turnover, Deckers Outdoor Corporation has seen fluctuations in this ratio as well, ranging from 4.48 to 12.15. A higher payables turnover ratio indicates that the company is taking longer to pay its suppliers, which could imply better cash flow management.

The working capital turnover ratio has remained relatively stable, with values ranging from 1.84 to 2.88. This ratio reflects how effectively the company is using its working capital to generate sales revenue. Overall, these activity ratios provide insight into Deckers Outdoor Corporation's operational efficiency and management of its assets and liabilities.

Average number of days

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Days of inventory on hand (DOH)	days	55.61	78.92	79.50	51.36	60.85	84.33	89.38	65.33	89.71	118.16	113.34	71.47	82.31	101.25	76.11	49.63	58.74	96.51	89.14	63.31
Days of sales outstanding (DSO)	days	24.48	44.75	27.36	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
Number of days of payables	days	56.55	54.44	67.82	40.98	57.25	55.37	63.12	32.56	60.44	61.69	81.56	46.18	72.05	79.11	65.46	41.32	58.30	62.38	51.96	30.05

Deckers Outdoor Corporation's activity ratios provide insight into how efficiently the company manages its inventory, collects receivables, and pays its suppliers.

1. Days of Inventory on Hand (DOH): This ratio indicates how many days on average the company holds inventory before selling it. Deckers' DOH fluctuated over the analyzed period, ranging from a low of 49.63 days to a high of 118.16 days. Generally, lower DOH values are favorable as they suggest efficient inventory management. Deckers exhibited variations in managing its inventory levels, with some quarters showing better control than others.

2. Days of Sales Outstanding (DSO): DSO measures the average number of days it takes for the company to collect payment after a sale is made. Deckers' DSO ranged from 24.48 days to 55.50 days. Lower DSO values are preferable as they indicate faster collection of receivables. The company showed relatively stable performance in receivables collection, with fluctuations within a reasonable range over the analyzed period.

3. Number of Days of Payables: This ratio reflects how long, on average, the company takes to pay its suppliers. Deckers' payable days ranged from 30.05 days to 81.56 days. A higher number of days of payables could suggest better cash flow management, but excessively long payables periods may strain supplier relationships. Deckers showed varying trends in payables, with periods of extended payables followed by shorter payment durations.

Overall, Deckers Outdoor Corporation's activity ratios indicate fluctuations in managing its inventory, collecting receivables, and paying suppliers over the analyzed period. Investors and analysts may monitor these ratios to assess the company's operational efficiency and working capital management practices.

Long-term

	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Fixed asset turnover	15.22	14.57	14.52	14.19	13.69	13.23	12.77	13.60	14.72	15.43	14.84	14.16	13.46	12.81	12.45	12.34	11.47	10.68	10.23	10.20
Total asset turnover	1.24	1.37	1.34	1.37	1.23	1.37	1.30	1.42	1.27	1.38	1.30	1.35	1.17	1.19	1.21	1.17	0.99	1.08	1.16	1.21

Deckers Outdoor Corporation's long-term activity ratios indicate how effectively the company is utilizing its assets to generate sales.

1. Fixed Asset Turnover: This ratio shows how efficiently the company is utilizing its fixed assets to generate sales. From March 31, 2020, to December 31, 2024, the fixed asset turnover ratio has shown a generally increasing trend, starting at 10.20 and reaching a peak of 15.22 by December 31, 2024. This indicates that Deckers Outdoor Corporation has been able to generate more sales per dollar of fixed assets over the years, reflecting efficient asset utilization.

2. Total Asset Turnover: This ratio measures how well the company is using all its assets to generate revenue. The total asset turnover ratio fluctuated over the period, starting at 1.21 on March 31, 2020, dipping to 0.99 by December 31, 2020, and then showing some volatility before stabilizing around 1.37 by December 31, 2024. This indicates that Deckers Outdoor Corporation has been able to maintain a consistent level of sales relative to its total assets, with some fluctuations observed in between.

In conclusion, Deckers Outdoor Corporation has shown improvements in both fixed asset turnover and total asset turnover ratios over the years, implying increasing efficiency in utilizing its assets to generate revenue. It is important for the company to continue monitoring and managing these ratios to ensure optimal asset utilization and sustainable growth.