Deckers Outdoor Corporation (DECK)
Fixed asset 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 |
| Property, plant and equipment | US$ in thousands | 302,122 | 300,815 | 295,212 | 288,760 | 266,679 | 242,594 | 221,308 | 219,657 | 222,449 | 221,013 | 223,687 | 222,348 | 206,210 | 205,695 | 207,912 | 209,074 | 209,037 | 209,690 | 212,323 | 211,254 |
| Fixed asset turnover | 14.19 | 13.69 | 13.23 | 12.77 | 13.60 | 14.72 | 15.43 | 14.84 | 14.16 | 13.46 | 12.81 | 12.45 | 12.34 | 11.47 | 10.68 | 10.23 | 10.20 | 10.26 | 9.83 | 9.69 |
March 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,287,769K ÷ $302,122K
= 14.19
Deckers Outdoor Corporation's fixed asset turnover ratio has shown fluctuations over the periods indicated. The fixed asset turnover ratio measures how efficiently the company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates better efficiency in utilizing fixed assets to generate sales.
From December 2019 to March 2020, the fixed asset turnover ratio has been relatively stable around the range of 9.69 to 10.26. However, from March 2020 to December 2020, there is a gradual increase in the ratio, reaching a peak of 14.72 in December 2020, suggesting improved efficiency in utilizing fixed assets during this period.
In the subsequent periods from December 2020 to March 2024, the fixed asset turnover ratio has displayed some volatility, fluctuating between 13.23 to 14.84. Despite the fluctuations, the ratios have generally remained relatively high, indicating that Deckers Outdoor Corporation has been effectively generating revenue from its fixed assets.
Overall, Deckers Outdoor Corporation's fixed asset turnover ratio trend suggests that the company has been efficiently utilizing its fixed assets to drive revenue generation in the periods under review.
Peer comparison
Mar 31, 2024
See also:
Deckers Outdoor Corporation Net Fixed Asset Turnover (Quarterly Data)