Deckers Outdoor Corporation (DECK)
Operating return on assets (Operating ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 927,514 | 652,751 | 564,707 | 504,205 | 338,135 |
| Total assets | US$ in thousands | 3,135,580 | 2,556,200 | 2,332,250 | 2,167,700 | 1,765,120 |
| Operating ROA | 29.58% | 25.54% | 24.21% | 23.26% | 19.16% |
March 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $927,514K ÷ $3,135,580K
= 29.58%
Deckers Outdoor Corporation has shown a consistent improvement in its operating return on assets (operating ROA) over the five-year period from 2020 to 2024. The operating ROA has increased from 19.16% in 2020 to 29.58% in 2024, indicating a positive trend in the company's ability to generate operating profits from its assets.
This improvement suggests that Deckers Outdoor Corporation has been effectively utilizing its assets to generate operating income, which is a favorable sign for investors and stakeholders. The increasing trend in operating ROA reflects the company's efficiency in managing its operations and maximizing the profitability of its assets.
The consistent growth in operating ROA from 2020 to 2024 also indicates that Deckers Outdoor Corporation has been able to increase its operational efficiency and profitability over time. This trend is indicative of the company's strong performance and effective utilization of its assets to drive profitability.
Overall, the increasing operating ROA of Deckers Outdoor Corporation demonstrates the company's ability to generate higher returns from its assets through efficient operations, which is a positive indicator of its financial health and operational effectiveness.
Peer comparison
Mar 31, 2024