Deckers Outdoor Corporation (DECK)
Return on total capital
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 927,514 | 652,751 | 564,707 | 504,205 | 338,135 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,107,470 | 1,765,730 | 1,538,820 | 1,444,220 | 1,140,120 |
| Return on total capital | 44.01% | 36.97% | 36.70% | 34.91% | 29.66% |
March 31, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $927,514K ÷ ($—K + $2,107,470K)
= 44.01%
Deckers Outdoor Corporation has shown a consistent improvement in its return on total capital over the past five years. The company's return on total capital has increased from 29.66% in 2020 to 44.01% in 2024, indicating that the company is effectively utilizing its total capital to generate profits. This upward trend suggests that Deckers Outdoor Corporation has been able to enhance its operational efficiency and profitability over the years. The company's strong return on total capital performance reflects its ability to generate higher returns relative to the total capital employed in its operations.
Peer comparison
Mar 31, 2024