Deckers Outdoor Corporation (DECK)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 759,563 | 723,805 | 612,548 | 535,525 | 516,822 | 493,854 | 448,135 | 448,674 | 451,949 | 416,588 | 439,181 | 438,672 | 382,575 | 365,207 | 311,264 | 287,520 | 276,142 | 284,021 | 278,802 | 275,364 |
| 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 |
| ROA | 24.22% | 21.62% | 21.50% | 18.80% | 20.22% | 17.58% | 18.17% | 17.85% | 19.38% | 16.35% | 18.22% | 19.15% | 17.65% | 15.29% | 15.18% | 15.55% | 15.64% | 15.04% | 16.48% | 15.73% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $759,563K ÷ $3,135,580K
= 24.22%
Deckers Outdoor Corporation has shown a consistently strong performance in terms of Return on Assets (ROA) over the past few quarters. The ROA has been steadily increasing from 15.73% in June 2019 to 24.22% in March 2024. This indicates that the company is effectively utilizing its assets to generate profits.
The highest ROA of 24.22% in March 2024 suggests that Deckers Outdoor Corporation has been able to significantly increase its profitability relative to its assets within that period. This could be attributed to factors such as efficient asset management, improved operational efficiency, or strategic investments that are yielding higher returns.
Overall, the upward trend in ROA reflects positively on Deckers Outdoor Corporation's financial health and performance, indicating effective asset utilization and solid profitability. Investors and stakeholders may view this as a positive signal of the company's ability to generate returns on its investments and manage its assets efficiently.
Peer comparison
Mar 31, 2024
See also:
Deckers Outdoor Corporation Return on Assets (ROA) (Quarterly Data)