Deckers Outdoor Corporation (DECK)
Working capital 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 |
| Total current assets | US$ in thousands | 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 | 1,339,850 | 1,135,030 | 1,188,490 |
| Total current liabilities | US$ in thousands | 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 | 463,158 | 465,847 | 441,745 |
| Working capital turnover | 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 | 2.45 | 3.12 | 2.74 |
March 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,287,769K ÷ ($2,443,480K – $719,993K)
= 2.49
Deckers Outdoor Corporation's working capital turnover ratio has shown some fluctuations over the past few quarters. The ratio has ranged from a low of 1.84 to a high of 2.88, with an average of approximately 2.50. This indicates that, on average, the company generates $2.50 in revenue for every $1 of working capital invested.
The trend in the working capital turnover ratio shows some variability but generally indicates an efficient utilization of working capital in generating sales. A higher ratio typically suggests better efficiency in managing working capital and generating revenue.
It is important to note that the working capital turnover should be analyzed in conjunction with other financial ratios and factors to get a holistic view of the company's operational efficiency and financial health. fluctuations in the ratio may be influenced by seasonal factors, changes in inventory levels, or shifts in sales patterns.
Peer comparison
Mar 31, 2024
See also:
Deckers Outdoor Corporation Working Capital Turnover (Quarterly Data)