Stock Analysis on Net

Deckers Outdoor Corp. (NYSE:DECK)

This company has been moved to the archive! The financial data has not been updated since February 5, 2024.

Analysis of Short-term (Operating) Activity Ratios

Microsoft Excel

Short-term Activity Ratios (Summary)

Deckers Outdoor Corp., short-term (operating) activity ratios

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Turnover Ratios
Inventory turnover 3.38 3.04 4.21 3.30 3.52 3.24
Receivables turnover 12.03 10.41 11.80 11.49 11.31 13.24
Payables turnover 6.78 4.71 5.06 6.96 7.84 10.34
Working capital turnover 2.57 2.60 2.15 2.39 2.39 2.64
Average No. Days
Average inventory processing period 108 120 87 111 104 113
Add: Average receivable collection period 30 35 31 32 32 28
Operating cycle 138 155 118 143 136 141
Less: Average payables payment period 54 77 72 52 47 35
Cash conversion cycle 84 78 46 91 89 106

Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Deckers Outdoor Corp. inventory turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Receivables turnover An activity ratio equal to revenue divided by receivables. Deckers Outdoor Corp. receivables turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Deckers Outdoor Corp. payables turnover ratio decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Deckers Outdoor Corp. working capital turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Deckers Outdoor Corp. number of days of inventory outstanding deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Deckers Outdoor Corp. number of days of receivables outstanding deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Operating cycle Equal to average inventory processing period plus average receivables collection period. Deckers Outdoor Corp. operating cycle deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Deckers Outdoor Corp. number of days of payables outstanding increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Deckers Outdoor Corp. cash conversion cycle deteriorated from 2021 to 2022 and from 2022 to 2023.

Inventory Turnover

Deckers Outdoor Corp., inventory turnover calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Cost of sales 1,801,916 1,542,788 1,171,551 1,029,016 980,187 971,697
Inventories 532,852 506,796 278,242 311,620 278,842 299,602
Short-term Activity Ratio
Inventory turnover1 3.38 3.04 4.21 3.30 3.52 3.24
Benchmarks
Inventory Turnover, Competitors2
lululemon athletica inc. 2.50 2.74 2.99 3.39 3.64
Nike Inc. 3.42 3.00 3.59 2.87 3.85
Inventory Turnover, Sector
Consumer Durables & Apparel 3.29 2.97 3.53 2.91 3.84
Inventory Turnover, Industry
Consumer Discretionary 6.99 6.67 7.04 7.48 7.72

Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).

1 2023 Calculation
Inventory turnover = Cost of sales ÷ Inventories
= 1,801,916 ÷ 532,852 = 3.38

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Deckers Outdoor Corp. inventory turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Receivables Turnover

Deckers Outdoor Corp., receivables turnover calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Net sales 3,627,286 3,150,339 2,545,641 2,132,689 2,020,437 1,903,339
Trade accounts receivable, net of allowances 301,511 302,688 215,718 185,596 178,602 143,704
Short-term Activity Ratio
Receivables turnover1 12.03 10.41 11.80 11.49 11.31 13.24
Benchmarks
Receivables Turnover, Competitors2
lululemon athletica inc. 61.02 81.25 70.54 98.94 91.89
Nike Inc. 12.40 10.01 9.98 13.61 9.16
Receivables Turnover, Sector
Consumer Durables & Apparel 13.91 11.16 10.81 14.84 9.84
Receivables Turnover, Industry
Consumer Discretionary 17.84 17.95 21.21 21.81 21.46

Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).

1 2023 Calculation
Receivables turnover = Net sales ÷ Trade accounts receivable, net of allowances
= 3,627,286 ÷ 301,511 = 12.03

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Deckers Outdoor Corp. receivables turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Payables Turnover

Deckers Outdoor Corp., payables turnover calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Cost of sales 1,801,916 1,542,788 1,171,551 1,029,016 980,187 971,697
Trade accounts payable 265,605 327,487 231,632 147,892 124,974 93,939
Short-term Activity Ratio
Payables turnover1 6.78 4.71 5.06 6.96 7.84 10.34
Benchmarks
Payables Turnover, Competitors2
lululemon athletica inc. 20.95 9.14 11.25 21.95 15.41
Nike Inc. 10.11 7.51 8.67 9.41 8.29
Payables Turnover, Sector
Consumer Durables & Apparel 10.72 7.64 8.81 9.84 8.54
Payables Turnover, Industry
Consumer Discretionary 5.18 4.80 4.66 4.74 5.51

Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).

1 2023 Calculation
Payables turnover = Cost of sales ÷ Trade accounts payable
= 1,801,916 ÷ 265,605 = 6.78

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Deckers Outdoor Corp. payables turnover ratio decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Working Capital Turnover

Deckers Outdoor Corp., working capital turnover calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Current assets 1,910,253 1,752,128 1,650,799 1,194,111 1,095,405 910,690
Less: Current liabilities 497,380 541,684 468,368 300,946 250,524 189,166
Working capital 1,412,873 1,210,444 1,182,431 893,165 844,881 721,524
 
Net sales 3,627,286 3,150,339 2,545,641 2,132,689 2,020,437 1,903,339
Short-term Activity Ratio
Working capital turnover1 2.57 2.60 2.15 2.39 2.39 2.64
Benchmarks
Working Capital Turnover, Competitors2
lululemon athletica inc. 4.86 5.17 3.55 3.35 3.54
Nike Inc. 3.21 2.67 2.68 3.05 4.52
Working Capital Turnover, Sector
Consumer Durables & Apparel 3.37 2.83 2.74 3.07 4.42
Working Capital Turnover, Industry
Consumer Discretionary 14.99 18.57 11.02 13.68 25.90

Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).

1 2023 Calculation
Working capital turnover = Net sales ÷ Working capital
= 3,627,286 ÷ 1,412,873 = 2.57

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. Deckers Outdoor Corp. working capital turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Average Inventory Processing Period

Deckers Outdoor Corp., average inventory processing period calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data
Inventory turnover 3.38 3.04 4.21 3.30 3.52 3.24
Short-term Activity Ratio (no. days)
Average inventory processing period1 108 120 87 111 104 113
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
lululemon athletica inc. 146 133 122 108 100
Nike Inc. 107 122 102 127 95
Average Inventory Processing Period, Sector
Consumer Durables & Apparel 111 123 103 126 95
Average Inventory Processing Period, Industry
Consumer Discretionary 52 55 52 49 47

Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).

1 2023 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 3.38 = 108

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Deckers Outdoor Corp. number of days of inventory outstanding deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Average Receivable Collection Period

Deckers Outdoor Corp., average receivable collection period calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data
Receivables turnover 12.03 10.41 11.80 11.49 11.31 13.24
Short-term Activity Ratio (no. days)
Average receivable collection period1 30 35 31 32 32 28
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
lululemon athletica inc. 6 4 5 4 4
Nike Inc. 29 36 37 27 40
Average Receivable Collection Period, Sector
Consumer Durables & Apparel 26 33 34 25 37
Average Receivable Collection Period, Industry
Consumer Discretionary 20 20 17 17 17

Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).

1 2023 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 12.03 = 30

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Deckers Outdoor Corp. number of days of receivables outstanding deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Operating Cycle

Deckers Outdoor Corp., operating cycle calculation, comparison to benchmarks

No. days

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data
Average inventory processing period 108 120 87 111 104 113
Average receivable collection period 30 35 31 32 32 28
Short-term Activity Ratio
Operating cycle1 138 155 118 143 136 141
Benchmarks
Operating Cycle, Competitors2
lululemon athletica inc. 152 137 127 112 104
Nike Inc. 136 158 139 154 135
Operating Cycle, Sector
Consumer Durables & Apparel 137 156 137 151 132
Operating Cycle, Industry
Consumer Discretionary 72 75 69 66 64

Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).

1 2023 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 108 + 30 = 138

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. Deckers Outdoor Corp. operating cycle deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Average Payables Payment Period

Deckers Outdoor Corp., average payables payment period calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data
Payables turnover 6.78 4.71 5.06 6.96 7.84 10.34
Short-term Activity Ratio (no. days)
Average payables payment period1 54 77 72 52 47 35
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
lululemon athletica inc. 17 40 32 17 24
Nike Inc. 36 49 42 39 44
Average Payables Payment Period, Sector
Consumer Durables & Apparel 34 48 41 37 43
Average Payables Payment Period, Industry
Consumer Discretionary 70 76 78 77 66

Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).

1 2023 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 6.78 = 54

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Deckers Outdoor Corp. number of days of payables outstanding increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.

Cash Conversion Cycle

Deckers Outdoor Corp., cash conversion cycle calculation, comparison to benchmarks

No. days

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data
Average inventory processing period 108 120 87 111 104 113
Average receivable collection period 30 35 31 32 32 28
Average payables payment period 54 77 72 52 47 35
Short-term Activity Ratio
Cash conversion cycle1 84 78 46 91 89 106
Benchmarks
Cash Conversion Cycle, Competitors2
lululemon athletica inc. 135 97 95 95 80
Nike Inc. 100 109 97 115 91
Cash Conversion Cycle, Sector
Consumer Durables & Apparel 103 108 96 114 89
Cash Conversion Cycle, Industry
Consumer Discretionary 2 -1 -9 -11 -2

Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).

1 2023 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 108 + 3054 = 84

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Deckers Outdoor Corp. cash conversion cycle deteriorated from 2021 to 2022 and from 2022 to 2023.