Deckers Outdoor Corporation (DECK)

Activity ratios

Short-term

Turnover ratios

	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
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
Receivables turnover	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	7.29	6.14	12.52
Payables turnover	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	7.36	5.58	5.71
Working capital turnover	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	2.45	3.12	2.74

Deckers Outdoor Corporation's activity ratios provide insight into how efficiently the company manages its assets and operations.

1. Inventory turnover: This ratio indicates how effectively the company is selling its inventory. The trend shows that the inventory turnover has been gradually increasing, which is positive as it indicates that Deckers Outdoor is selling its inventory at a faster rate.

2. Receivables turnover: This ratio measures how quickly the company collects payments from its customers. The receivables turnover has shown some fluctuations over the periods, but overall, it seems to be relatively stable. The higher turnover indicates that the company is collecting its receivables efficiently.

3. Payables turnover: The payables turnover ratio reflects how quickly the company pays off its suppliers. The ratio has shown some variation, but generally, it has been relatively stable. A higher turnover signifies that Deckers Outdoor is managing its payables effectively.

4. Working capital turnover: This ratio gauges how efficiently the company utilizes its working capital to generate sales. The working capital turnover has been relatively consistent over the periods, indicating that Deckers Outdoor is efficiently using its resources to generate revenue.

Overall, the activity ratios suggest that Deckers Outdoor Corporation is effectively managing its assets and operations to drive sales and maintain a healthy cash flow cycle.

Average number of days

		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
Days of inventory on hand (DOH)	days	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	74.14	116.71	100.80
Days of sales outstanding (DSO)	days	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	50.04	59.48	29.16
Number of days of payables	days	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	49.59	65.45	63.90

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

Days of Inventory on Hand (DOH) measures how many days it takes for the company to sell its inventory. A decreasing trend in DOH over time indicates that Deckers is managing its inventory more efficiently, which can result in lower carrying costs and better cash flow.

Days of Sales Outstanding (DSO) represents the average number of days it takes for the company to collect its receivables. A lower DSO indicates that Deckers is collecting its receivables faster, which can improve cash flow and reduce the risk of bad debts.

Number of Days of Payables indicates how long it takes Deckers to pay its suppliers. An increasing trend in payables days may suggest that the company is taking longer to settle its payables, which can be seen as a positive sign as it indicates improved cash management.

Overall, Deckers Outdoor Corporation's activity ratios show improvements in managing its inventory and receivables efficiently while maintaining a balanced approach to paying its suppliers. This demonstrates effective working capital management and may positively impact the company's financial performance and liquidity.

Long-term

	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
Fixed asset turnover	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	10.26	9.83	9.69
Total asset turnover	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	1.14	1.23	1.17

Deckers Outdoor Corporation's long-term activity ratios indicate the company's efficiency in utilizing its assets to generate sales revenue.

1. Fixed asset turnover: This ratio measures how efficiently the company's fixed assets, such as property, plant, and equipment, are being used to generate sales. A higher fixed asset turnover ratio signifies that the company is effectively utilizing its fixed assets to generate revenue. Deckers Outdoor Corporation's fixed asset turnover has remained relatively stable over the past few quarters, ranging between 9.69 and 15.43. This indicates that the company has been consistently efficient in using its fixed assets to generate sales.

2. Total asset turnover: This ratio measures how efficiently the company is using all its assets, including both fixed and current assets, to generate sales. A higher total asset turnover ratio indicates that the company is using its assets efficiently to generate sales revenue. Deckers Outdoor Corporation's total asset turnover has fluctuated over the quarters but generally remained above 1. This indicates that the company has been effective in utilizing its total assets to generate sales revenue.

Overall, the analysis of Deckers Outdoor Corporation's long-term activity ratios suggests that the company has been relatively efficient in utilizing both its fixed and total assets to generate sales revenue. However, management should continue monitoring these ratios to ensure continued efficiency in asset utilization.