Deckers Outdoor Corporation (DECK)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 927,514 | 889,171 | 763,932 | 667,146 | 652,751 | 628,130 | 558,866 | 559,216 | 564,707 | 538,054 | 573,313 | 573,736 | 504,205 | 466,215 | 393,326 | 361,853 | 338,135 | 353,084 | 342,036 | 335,317 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,107,470 | 2,104,190 | 1,795,130 | 1,802,120 | 1,765,730 | 1,769,170 | 1,515,840 | 1,472,410 | 1,538,820 | 1,564,740 | 1,463,750 | 1,418,990 | 1,444,220 | 1,520,120 | 1,242,960 | 1,136,930 | 1,140,120 | 1,123,750 | 916,304 | 995,279 |
| Return on total capital | 44.01% | 42.26% | 42.56% | 37.02% | 36.97% | 35.50% | 36.87% | 37.98% | 36.70% | 34.39% | 39.17% | 40.43% | 34.91% | 30.67% | 31.64% | 31.83% | 29.66% | 31.42% | 37.33% | 33.69% |
March 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $927,514K ÷ ($—K + $2,107,470K)
= 44.01%
Deckers Outdoor Corporation's return on total capital has shown a generally positive trend over the past several quarters. The return on total capital has ranged from 29.66% to 44.01% over the last 20 quarters, indicating strong capital utilization and profitability.
The company's return on total capital peaked at 44.01% in the most recent quarter, demonstrating efficient use of capital to generate profits. This improvement suggests that Deckers Outdoor Corporation has been effectively managing its assets and liabilities to optimize returns for its shareholders.
Overall, the consistent and relatively high return on total capital figures reflect positively on Deckers Outdoor Corporation's financial performance and suggest a strong ability to generate profits relative to the total capital employed in its operations.
Peer comparison
Mar 31, 2024