Deckers Outdoor Corporation (DECK)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,287,769 | 4,119,582 | 3,904,912 | 3,688,616 | 3,627,286 | 3,571,722 | 3,413,832 | 3,260,120 | 3,150,337 | 2,975,518 | 2,865,528 | 2,767,151 | 2,545,642 | 2,359,364 | 2,220,339 | 2,139,019 | 2,132,689 | 2,151,909 | 2,086,974 | 2,046,682 |
| Receivables | US$ in thousands | 340,124 | 347,046 | 500,949 | 289,516 | 306,295 | 330,872 | 459,051 | 340,588 | 320,931 | 348,593 | 384,176 | 222,645 | 222,028 | 323,369 | 337,622 | 150,228 | 193,747 | 295,013 | 340,094 | 163,518 |
| 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 |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,287,769K ÷ $340,124K
= 12.61
The receivables turnover ratio for Deckers Outdoor Corporation has shown fluctuations over the past few quarters. The ratio indicates how efficiently the company is collecting outstanding receivables from customers. A higher turnover ratio suggests that the company is collecting receivables quickly, which is a positive sign for liquidity and cash flow.
Looking at the trend over the past few quarters, we see that the receivables turnover ratio has varied between 6.14 and 14.24. The highest turnover ratio of 14.24 was recorded in the second quarter of 2020, indicating a strong ability to collect receivables efficiently during that period. On the other hand, the lowest turnover ratio of 6.14 was observed in the first quarter of 2020, reflecting a slower collection of receivables during that time.
Overall, the average receivables turnover ratio for Deckers Outdoor Corporation seems to be relatively healthy, indicating that the company is managing its receivables effectively. However, it is important to monitor any significant fluctuations in the ratio to ensure that the company's collection practices remain efficient and support its cash flow needs.
Peer comparison
Mar 31, 2024
See also:
Deckers Outdoor Corporation Receivables Turnover (Quarterly Data)