Deckers Outdoor Corporation (DECK)
Working capital 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 |
| Total current assets | US$ in thousands | 2,860,480 | 2,443,480 | 1,910,250 | 1,752,130 | 1,650,800 |
| Total current liabilities | US$ in thousands | 769,941 | 719,993 | 497,380 | 541,684 | 468,368 |
| Working capital turnover | 2.38 | 2.49 | 2.57 | 2.60 | 2.15 |
March 31, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,985,610K ÷ ($2,860,480K – $769,941K)
= 2.38
The working capital turnover ratio for Deckers Outdoor Corporation has shown a consistent upward trend over the five-year period from March 31, 2021, to March 31, 2025. The ratio increased from 2.15 in 2021 to 2.60 in 2022 and remained relatively stable around 2.57 in 2023, 2.49 in 2024, and 2.38 in 2025.
A working capital turnover ratio above 1 indicates that the company is effectively utilizing its working capital to generate sales revenue. A higher ratio signifies that Deckers Outdoor Corporation is efficiently managing its working capital resources to support its operations and sales activities.
Overall, the consistent improvement in the working capital turnover ratio demonstrates Deckers Outdoor Corporation's effective management of its working capital to support its operations and generate revenue over the analyzed period.
Peer comparison
Mar 31, 2025