Deckers Outdoor Corporation (DECK)
Operating profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 927,514 | 889,171 | 763,932 | 667,146 | 652,751 | 628,130 | 558,866 | 559,216 | 564,707 | 538,054 | 573,313 | 573,736 | 504,205 | 466,215 | 393,326 | 361,853 | 338,135 | 353,084 | 342,036 | 335,317 |
| 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 |
| Operating profit margin | 21.63% | 21.58% | 19.56% | 18.09% | 18.00% | 17.59% | 16.37% | 17.15% | 17.93% | 18.08% | 20.01% | 20.73% | 19.81% | 19.76% | 17.71% | 16.92% | 15.85% | 16.41% | 16.39% | 16.38% |
March 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $927,514K ÷ $4,287,769K
= 21.63%
Deckers Outdoor Corporation's operating profit margin has shown a relatively stable trend over the past several quarters. The operating profit margin for the most recent quarter, ending March 31, 2024, stand at 21.63%, representing the percentage of revenue that translates into operating profit after accounting for operating expenses. This indicates that for every dollar of revenue generated, the company is able to retain about 21.63 cents as operating profit.
Looking at the historical data, the operating profit margin has generally been consistent, ranging between 16% to 21.63% over the last few years. There was a slight dip in the margin during the June 2023 quarter to 18.09%, but the company managed to improve it in subsequent quarters.
The increasing trend in operating profit margin from the second half of 2022 through to the first quarter of 2024 may suggest that Deckers Outdoor Corporation has effectively managed its operating expenses relative to its revenue growth. This improvement indicates that the company is becoming more efficient in generating profits from its core business activities.
Overall, a relatively stable and gradually improving operating profit margin demonstrates the company's ability to effectively control costs and optimize operational performance, which is a positive indicator of its financial health and profitability.
Peer comparison
Mar 31, 2024
See also:
Deckers Outdoor Corporation Operating Profit Margin (Quarterly Data)