Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
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
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
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
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
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
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
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
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
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
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 + 30 – 54 = 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. |