Deckers Outdoor Corporation (DECK)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,923,585 | 4,656,735 | 4,437,325 | 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 |
| Total current assets | US$ in thousands | 3,274,110 | 2,701,290 | 2,612,830 | 2,443,480 | 2,648,850 | 2,179,880 | 2,175,160 | 1,910,250 | 2,243,750 | 1,913,280 | 1,949,730 | 1,752,130 | 1,994,610 | 1,843,550 | 1,726,200 | 1,650,800 | 1,857,440 | 1,499,740 | 1,289,810 | 1,194,110 |
| Total current liabilities | US$ in thousands | 1,032,880 | 875,640 | 912,470 | 719,993 | 927,442 | 759,390 | 735,804 | 497,380 | 815,306 | 728,624 | 799,758 | 541,684 | 727,930 | 682,963 | 600,533 | 468,368 | 571,850 | 503,842 | 394,998 | 300,946 |
| Working capital turnover | 2.20 | 2.55 | 2.61 | 2.49 | 2.39 | 2.75 | 2.56 | 2.57 | 2.50 | 2.88 | 2.83 | 2.60 | 2.35 | 2.47 | 2.46 | 2.15 | 1.84 | 2.23 | 2.39 | 2.39 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,923,585K ÷ ($3,274,110K – $1,032,880K)
= 2.20
Deckers Outdoor Corporation's working capital turnover has shown variability over the analyzed period. The ratio indicates the efficiency of the company in generating revenue relative to its working capital. From the data provided, we observe that the working capital turnover ranged from a low of 1.84 in December 31, 2020, to a high of 2.88 in September 30, 2022.
Overall, the trend in working capital turnover has displayed some degree of fluctuation, but with an upward movement, especially in recent quarters. This suggests that Deckers Outdoor Corporation has been able to effectively utilize its working capital to support its revenue generation activities. A higher working capital turnover ratio typically indicates efficient utilization of resources to drive sales growth.
Therefore, based on the trend observed in the working capital turnover ratio for Deckers Outdoor Corporation, it appears that the company has been effectively managing its working capital to support its operations and drive revenue generation.
Peer comparison
Dec 31, 2024
See also:
Deckers Outdoor Corporation Working Capital Turnover (Quarterly Data)