Deckers Outdoor (FRA:DO2) Inventory Turnover : 0.83 (As of Mar. 2024)

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What is Deckers Outdoor Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Deckers Outdoor's Cost of Goods Sold for the three months ended in Mar. 2024 was €387 Mil. Deckers Outdoor's Average Total Inventories for the quarter that ended in Mar. 2024 was €465 Mil. Deckers Outdoor's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Deckers Outdoor's Days Inventory for the three months ended in Mar. 2024 was 109.81.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Deckers Outdoor's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.53.

Deckers Outdoor Inventory Turnover Historical Data

The historical data trend for Deckers Outdoor's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Deckers Outdoor Inventory Turnover Chart

Deckers Outdoor Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.52

3.82

4.04

3.51

3.75

Deckers Outdoor Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.63	0.51	0.70	1.00	0.83

Deckers Outdoor Inventory Turnover Calculation

Deckers Outdoor's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	1750.093	/ (	(497.684	+	436.366)	/	2 )
=	1750.093	/	467.025
=	3.75

Deckers Outdoor's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	386.659	/ (	(494.229	+	436.366)	/	2 )
=	386.659	/	465.2975
=	0.83

Deckers Outdoor (FRA:DO2) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Deckers Outdoor's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	465.2975	/	386.659	*	365 / 4
	=	109.81

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Deckers Outdoor's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	465.2975	/	882.977
	=	0.53

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Deckers Outdoor Inventory Turnover Related Terms

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Deckers Outdoor (FRA:DO2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Deckers Outdoor Corp (FRA:DO2) » Definitions » Inventory Turnover

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DECK:USA

Address

250 Coromar Drive, Goleta, CA, USA, 93117

Website

https://www.deckers.com

Deckers Outdoor Corp designs and sells casual and performance footwear, apparel, and accessories. Primary brands include UGG, Teva, and Sanuk. The company distributes Most of its products through its wholesale business, but it also has a substantial direct-to-consumer business with its company-owned retail stores and websites. Most sales are in the United States, although the company also has retail stores and distributors throughout Europe, Asia, Canada, and Latin America. Deckers sources its products from independent manufacturers primarily in Asia.

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