Deckers Outdoor Corporation (DECK)
Gross profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,385,490 | 1,825,370 | 1,607,550 | 1,374,090 | 1,103,670 |
| Revenue | US$ in thousands | 4,287,760 | 3,627,060 | 3,150,340 | 2,545,640 | 2,132,690 |
| Gross profit margin | 55.63% | 50.33% | 51.03% | 53.98% | 51.75% |
March 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,385,490K ÷ $4,287,760K
= 55.63%
Deckers Outdoor Corporation's gross profit margin has shown some fluctuations over the past five years. In the most recent fiscal year ending March 31, 2024, the gross profit margin was 55.63%, which marks an improvement compared to the previous year's 50.33%. This suggests that the company was able to generate more revenue relative to its cost of goods sold in the latest period.
Looking further back, the gross profit margin was 51.03% in fiscal year 2022, 53.98% in fiscal year 2021, and 51.75% in fiscal year 2020. It is worth noting that there was a dip in the margin in fiscal year 2022 but a recovery in subsequent years.
Overall, the trend in the gross profit margin indicates some variability in the company's ability to generate profits from its core business activities over the years. The increase in the most recent fiscal year is a positive sign as it suggests improved efficiency in managing production and costs. Continued monitoring of the gross profit margin will be crucial to assess the company's operational performance and profitability in the future.
Peer comparison
Mar 31, 2024