Deckers Outdoor Corporation (DECK)
Return on assets (ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 759,563 | 516,822 | 451,949 | 382,575 | 276,142 |
| Total assets | US$ in thousands | 3,135,580 | 2,556,200 | 2,332,250 | 2,167,700 | 1,765,120 |
| ROA | 24.22% | 20.22% | 19.38% | 17.65% | 15.64% |
March 31, 2024 calculation
ROA = Net income ÷ Total assets
= $759,563K ÷ $3,135,580K
= 24.22%
Deckers Outdoor Corporation has exhibited a consistent upward trend in its return on assets (ROA) over the past five years, reflecting the company's increasing efficiency in generating profits from its assets. The ROA has shown a positive progression from 15.64% in March 2020 to 24.22% in March 2024, indicating the company's ability to generate higher profits relative to its total assets.
This improvement in ROA signifies that Deckers Outdoor Corporation has effectively utilized its assets to generate income and enhance shareholder value. The increasing trend suggests that the company has been successful in managing its assets more efficiently over the years, which is a positive indicator of its operational performance and financial management.
The consistently rising ROA demonstrates Deckers Outdoor Corporation's capacity to generate more profit per dollar of assets employed, which is a key metric for evaluating the overall effectiveness of the company's asset management and operational efficiency. It indicates that the company has been able to optimize its asset utilization and improve its profitability over the years, reflecting positively on its financial health and performance.
Peer comparison
Mar 31, 2024