Deckers Outdoor Corporation (DECK)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 2,107,470 | 1,765,730 | 1,538,820 | 1,444,220 | 1,140,120 |
| ROE | 36.04% | 29.27% | 29.37% | 26.49% | 24.22% |
March 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $759,563K ÷ $2,107,470K
= 36.04%
Deckers Outdoor Corporation's return on equity (ROE) has shown a positive trend over the past five years, increasing from 24.22% in 2020 to 36.04% in 2024. This suggests that the company has been effectively utilizing shareholders' equity to generate profits and create value.
The improvement in ROE indicates that Deckers Outdoor Corporation has been able to generate higher profits relative to its shareholders' equity investment. This could be attributed to efficient management of assets, effective cost control measures, or successful revenue growth strategies.
A consistently increasing ROE is generally viewed positively by investors and indicates the company's ability to generate higher returns on equity capital. Deckers Outdoor Corporation's strong ROE performance over the years reflects positively on its operational efficiency and financial stability.
Peer comparison
Mar 31, 2024