Deckers Outdoor Corporation (DECK)
Working capital turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,985,607 | 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 |
| Total current assets | US$ in thousands | 2,860,480 | 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 |
| Total current liabilities | US$ in thousands | 769,941 | 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 |
| Working capital turnover | 2.38 | 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 |
March 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,985,607K ÷ ($2,860,480K – $769,941K)
= 2.38
Deckers Outdoor Corporation's working capital turnover ratio has shown fluctuations over the analyzed periods. The ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue.
The trend reveals that the working capital turnover ratio increased from 2.39 in June 2020 to a peak of 2.88 in September 2022, showcasing an overall improvement in efficiency. However, there was a slight decline in the ratio in the following periods.
Despite the fluctuations, the working capital turnover ratio generally stayed above 2, suggesting that Deckers Outdoor Corporation effectively managed its working capital to support its operations and generate sales. This indicates that the company was able to convert its working capital into sales revenue multiple times throughout the analyzed periods.
Overall, the trend in the working capital turnover ratio reflects Deckers Outdoor Corporation's ability to efficiently utilize its working capital to support its operations and generate sales revenue during the period under review.
Peer comparison
Mar 31, 2025
See also:
Deckers Outdoor Corporation Working Capital Turnover (Quarterly Data)