Deckers Outdoor Corporation (DECK)
Receivables turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,287,760 | 3,627,060 | 3,150,340 | 2,545,640 | 2,132,690 |
| Receivables | US$ in thousands | 340,124 | 306,295 | 320,931 | 222,028 | 193,747 |
| Receivables turnover | 12.61 | 11.84 | 9.82 | 11.47 | 11.01 |
March 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,287,760K ÷ $340,124K
= 12.61
The receivables turnover ratio for Deckers Outdoor Corporation has shown a generally upward trend over the past five years, indicating an improvement in the management of the company's accounts receivable.
In particular:
- In the most recent fiscal year ending on March 31, 2024, the receivables turnover ratio increased significantly to 12.61 times, reflecting that the company collected its accounts receivable approximately 12.61 times during the period.
- This represents a favorable increase from the previous year's ratio of 11.84 times, showcasing continued efficiency in collecting payments from customers.
- Looking back further, the receivables turnover was 9.82 times in fiscal year 2022, which indicates that the company was collecting its receivables less frequently.
- The ratio improved in fiscal years 2021 and 2020, with values of 11.47 times and 11.01 times, respectively, reflecting efficient management of accounts receivable during those years.
Overall, the increasing trend in the receivables turnover ratio suggests that Deckers Outdoor Corporation has been successful in efficiently converting its accounts receivable into cash, which is a positive indicator of the company's liquidity and working capital management.
Peer comparison
Mar 31, 2024