Deckers Outdoor Corporation (DECK)
Total asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,287,760 | 3,627,060 | 3,150,340 | 2,545,640 | 2,132,690 |
| Total assets | US$ in thousands | 3,135,580 | 2,556,200 | 2,332,250 | 2,167,700 | 1,765,120 |
| Total asset turnover | 1.37 | 1.42 | 1.35 | 1.17 | 1.21 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,287,760K ÷ $3,135,580K
= 1.37
Deckers Outdoor Corporation's total asset turnover has fluctuated over the past five years, ranging from 1.17 to 1.42. The ratio indicates the company's ability to generate revenue from its total assets. A higher total asset turnover ratio signifies that the company is efficient in utilizing its assets to generate sales.
In the most recent year, the total asset turnover ratio decreased to 1.37 from 1.42 in the previous year, indicating a slight decline in the company's efficiency in generating sales from its assets. However, the ratio remains relatively strong, implying that Deckers Outdoor Corporation is still effectively using its assets to generate revenue.
It is important for the company to continue monitoring and managing its asset turnover ratio to ensure optimal utilization of its assets and maintain healthy revenue generation efficiency. Further analysis of factors influencing this ratio, such as changes in sales volume, asset management strategies, and industry dynamics, can provide valuable insights into Deckers Outdoor Corporation's operational performance.
Peer comparison
Mar 31, 2024