Deckers Outdoor Corporation (DECK)
Working capital 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 |
| Total current assets | US$ in thousands | 2,443,480 | 1,910,250 | 1,752,130 | 1,650,800 | 1,194,110 |
| Total current liabilities | US$ in thousands | 719,993 | 497,380 | 541,684 | 468,368 | 300,946 |
| Working capital turnover | 2.49 | 2.57 | 2.60 | 2.15 | 2.39 |
March 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,287,760K ÷ ($2,443,480K – $719,993K)
= 2.49
The working capital turnover ratio for Deckers Outdoor Corporation has fluctuated over the past five years, ranging from 2.15 in March 2021 to 2.60 in March 2022. This ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue. A higher ratio generally signifies better efficiency in using its current assets to support sales.
Although there have been fluctuations in the ratio, it has remained relatively stable around the range of 2.15 to 2.60 over the last five years. This suggests that Deckers Outdoor Corporation has been effectively managing its working capital to support its sales activities. It is important for the company to continue monitoring and optimizing its working capital turnover to maintain or improve operational efficiency in the future.
Peer comparison
Mar 31, 2024