Deckers Outdoor Corporation (DECK)
Total 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 |
| Total assets | US$ in thousands | 3,135,580 | 3,347,460 | 2,848,530 | 2,847,900 | 2,556,200 | 2,809,290 | 2,466,350 | 2,513,250 | 2,332,250 | 2,547,570 | 2,410,430 | 2,291,260 | 2,167,700 | 2,387,850 | 2,050,350 | 1,848,570 | 1,765,120 | 1,888,350 | 1,691,660 | 1,751,060 |
| Total asset turnover | 1.37 | 1.23 | 1.37 | 1.30 | 1.42 | 1.27 | 1.38 | 1.30 | 1.35 | 1.17 | 1.19 | 1.21 | 1.17 | 0.99 | 1.08 | 1.16 | 1.21 | 1.14 | 1.23 | 1.17 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,287,769K ÷ $3,135,580K
= 1.37
Deckers Outdoor Corporation's total asset turnover ratio has fluctuated over the past several quarters. The ratio measures how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover indicates that the company is generating more revenue for each dollar of assets it owns.
From the data provided, we observe that the total asset turnover ratio has ranged from 0.99 to 1.42 over the past few quarters. This variability suggests that Deckers Outdoor Corporation's asset utilization efficiency has been inconsistent during this period.
The highest total asset turnover ratio of 1.42 was recorded in the first quarter of 2023, indicating that the company was particularly effective in generating revenue relative to its level of assets during that period. On the other hand, the lowest ratio of 0.99 was seen in the third quarter of 2020, suggesting a lower efficiency in asset utilization during that particular quarter.
Overall, the trend in Deckers Outdoor Corporation's total asset turnover ratio indicates some level of fluctuation in how effectively the company is utilizing its assets to generate revenue. Further analysis and comparison with industry benchmarks could provide additional insights into the company's asset management efficiency.
Peer comparison
Mar 31, 2024
See also:
Deckers Outdoor Corporation Total Asset Turnover (Quarterly Data)