Deckers Outdoor Corporation (DECK)
Receivables turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,985,610 | 4,287,760 | 3,627,290 | 3,150,340 | 2,545,640 |
| Receivables | US$ in thousands | 332,872 | 296,565 | 306,295 | 320,931 | 222,028 |
| Receivables turnover | 14.98 | 14.46 | 11.84 | 9.82 | 11.47 |
March 31, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,985,610K ÷ $332,872K
= 14.98
The receivables turnover for Deckers Outdoor Corporation has exhibited variability over the years. In particular, from March 31, 2021, to March 31, 2022, there was a slight decrease from 11.47 to 9.82, indicating potential issues with collections efficiency. However, the turnover ratio improved significantly in subsequent years, reaching 14.98 as of March 31, 2025. This suggests that the company has become more effective in collecting receivables in recent years, which is a positive sign of stronger liquidity and potentially better credit policies. Overall, the increasing trend in receivables turnover reflects positively on Deckers Outdoor Corporation's ability to efficiently manage its accounts receivable and convert them into cash.
Peer comparison
Mar 31, 2025