Adjusted Financial Ratios (Summary)
Adjusted Total Asset Turnover
Adjusted Current Ratio
Adjusted Debt to Equity
Adjusted Debt to Capital
Adjusted Financial Leverage
Adjusted Net Profit Margin
Adjusted Return on Equity (ROE)
Adjusted Return on Assets (ROA)

Deckers Outdoor Corp., adjusted financial ratios

	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018
Activity Ratio
Total Asset Turnover
Reported	1.42	1.35	1.17	1.21	1.42	1.51
Adjusted	1.45	1.39	1.19	1.22	1.23	1.26
Liquidity Ratio
Current Ratio
Reported	3.84	3.23	3.52	3.97	4.37	4.81
Adjusted	3.86	3.25	3.55	3.99	4.39	4.83
Solvency Ratios
Debt to Equity
Reported	0.00	0.00	0.00	0.03	0.03	0.03
Adjusted	0.14	0.15	0.16	0.26	0.27	0.34
Debt to Capital
Reported	0.00	0.00	0.00	0.03	0.03	0.03
Adjusted	0.13	0.13	0.14	0.21	0.21	0.25
Financial Leverage
Reported	1.45	1.52	1.50	1.55	1.37	1.34
Adjusted	1.45	1.52	1.51	1.56	1.61	1.66
Profitability Ratios
Net Profit Margin
Reported	14.25%	14.35%	15.03%	12.95%	13.08%	6.01%
Adjusted	13.58%	13.47%	15.16%	13.04%	13.03%	7.01%
Return on Equity (ROE)
Reported	29.27%	29.37%	26.49%	24.22%	25.29%	12.16%
Adjusted	28.66%	28.39%	27.24%	24.85%	25.82%	14.74%
Return on Assets (ROA)
Reported	20.22%	19.38%	17.65%	15.64%	18.52%	9.05%
Adjusted	19.73%	18.69%	18.03%	15.95%	16.01%	8.87%

Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).

Financial ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Deckers Outdoor Corp. adjusted total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Adjusted current ratio	A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities.	Deckers Outdoor Corp. adjusted current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	Deckers Outdoor Corp. adjusted debt-to-equity ratio improved from 2021 to 2022 and from 2022 to 2023.
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	Deckers Outdoor Corp. adjusted debt-to-capital ratio improved from 2021 to 2022 and from 2022 to 2023.
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	Deckers Outdoor Corp. adjusted financial leverage ratio increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Deckers Outdoor Corp. adjusted net profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	Deckers Outdoor Corp. adjusted ROE improved from 2021 to 2022 and from 2022 to 2023.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Deckers Outdoor Corp. adjusted ROA improved from 2021 to 2022 and from 2022 to 2023.

Deckers Outdoor Corp., Financial Ratios: Reported vs. Adjusted

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	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018
Reported
Selected Financial Data (US$ in thousands)
Net sales	3,627,286)	3,150,339)	2,545,641)	2,132,689)	2,020,437)	1,903,339)
Total assets	2,556,203)	2,332,250)	2,167,705)	1,765,118)	1,427,206)	1,264,379)
Activity Ratio
Total asset turnover¹	1.42	1.35	1.17	1.21	1.42	1.51
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net sales²	3,624,930)	3,160,718)	2,545,641)	2,132,689)	2,020,437)	1,903,339)
Adjusted total assets³	2,494,187)	2,277,077)	2,140,241)	1,743,874)	1,643,602)	1,505,971)
Activity Ratio
Adjusted total asset turnover⁴	1.45	1.39	1.19	1.22	1.23	1.26

Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).

¹ 2023 Calculation
Total asset turnover = Net sales ÷ Total assets
= 3,627,286 ÷ 2,556,203 = 1.42

² Adjusted net sales. See details »

³ Adjusted total assets. See details »

⁴ 2023 Calculation
Adjusted total asset turnover = Adjusted net sales ÷ Adjusted total assets
= 3,624,930 ÷ 2,494,187 = 1.45

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Activity ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Deckers Outdoor Corp. adjusted total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018
Reported
Selected Financial Data (US$ in thousands)
Current assets	1,910,253)	1,752,128)	1,650,799)	1,194,111)	1,095,405)	910,690)
Current liabilities	497,380)	541,684)	468,368)	300,946)	250,524)	189,166)
Liquidity Ratio
Current ratio¹	3.84	3.23	3.52	3.97	4.37	4.81
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted current assets²	1,920,829)	1,761,172)	1,660,529)	1,201,100)	1,100,478)	914,177)
Current liabilities	497,380)	541,684)	468,368)	300,946)	250,524)	189,166)
Liquidity Ratio
Adjusted current ratio³	3.86	3.25	3.55	3.99	4.39	4.83

Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).

¹ 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 1,910,253 ÷ 497,380 = 3.84

² Adjusted current assets. See details »

³ 2023 Calculation
Adjusted current ratio = Adjusted current assets ÷ Current liabilities
= 1,920,829 ÷ 497,380 = 3.86

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Liquidity ratio	Description	The company
Adjusted current ratio	A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities.	Deckers Outdoor Corp. adjusted current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018
Reported
Selected Financial Data (US$ in thousands)
Total debt	—)	—)	—)	30,901)	31,504)	32,082)
Stockholders’ equity	1,765,733)	1,538,825)	1,444,225)	1,140,120)	1,045,130)	940,779)
Solvency Ratio
Debt to equity¹	0.00	0.00	0.00	0.03	0.03	0.03
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt²	246,488)	222,070)	223,042)	295,716)	273,697)	308,568)
Adjusted stockholders’ equity³	1,717,165)	1,499,456)	1,416,761)	1,118,876)	1,019,333)	905,885)
Solvency Ratio
Adjusted debt to equity⁴	0.14	0.15	0.16	0.26	0.27	0.34

Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).

¹ 2023 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 0 ÷ 1,765,733 = 0.00

² Adjusted total debt. See details »

³ Adjusted stockholders’ equity. See details »

⁴ 2023 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted stockholders’ equity
= 246,488 ÷ 1,717,165 = 0.14

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Solvency ratio	Description	The company
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	Deckers Outdoor Corp. adjusted debt-to-equity ratio improved from 2021 to 2022 and from 2022 to 2023.

	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018
Reported
Selected Financial Data (US$ in thousands)
Total debt	—)	—)	—)	30,901)	31,504)	32,082)
Total capital	1,765,733)	1,538,825)	1,444,225)	1,171,021)	1,076,634)	972,861)
Solvency Ratio
Debt to capital¹	0.00	0.00	0.00	0.03	0.03	0.03
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt²	246,488)	222,070)	223,042)	295,716)	273,697)	308,568)
Adjusted total capital³	1,963,653)	1,721,526)	1,639,803)	1,414,592)	1,293,030)	1,214,453)
Solvency Ratio
Adjusted debt to capital⁴	0.13	0.13	0.14	0.21	0.21	0.25

Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).

¹ 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 0 ÷ 1,765,733 = 0.00

² Adjusted total debt. See details »

³ Adjusted total capital. See details »

⁴ 2023 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 246,488 ÷ 1,963,653 = 0.13

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Solvency ratio	Description	The company
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	Deckers Outdoor Corp. adjusted debt-to-capital ratio improved from 2021 to 2022 and from 2022 to 2023.

	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018
Reported
Selected Financial Data (US$ in thousands)
Total assets	2,556,203)	2,332,250)	2,167,705)	1,765,118)	1,427,206)	1,264,379)
Stockholders’ equity	1,765,733)	1,538,825)	1,444,225)	1,140,120)	1,045,130)	940,779)
Solvency Ratio
Financial leverage¹	1.45	1.52	1.50	1.55	1.37	1.34
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total assets²	2,494,187)	2,277,077)	2,140,241)	1,743,874)	1,643,602)	1,505,971)
Adjusted stockholders’ equity³	1,717,165)	1,499,456)	1,416,761)	1,118,876)	1,019,333)	905,885)
Solvency Ratio
Adjusted financial leverage⁴	1.45	1.52	1.51	1.56	1.61	1.66

Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).

¹ 2023 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 2,556,203 ÷ 1,765,733 = 1.45

² Adjusted total assets. See details »

³ Adjusted stockholders’ equity. See details »

⁴ 2023 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted stockholders’ equity
= 2,494,187 ÷ 1,717,165 = 1.45

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Solvency ratio	Description	The company
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	Deckers Outdoor Corp. adjusted financial leverage ratio increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.

	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018
Reported
Selected Financial Data (US$ in thousands)
Net income	516,822)	451,949)	382,575)	276,142)	264,308)	114,394)
Net sales	3,627,286)	3,150,339)	2,545,641)	2,132,689)	2,020,437)	1,903,339)
Profitability Ratio
Net profit margin¹	14.25%	14.35%	15.03%	12.95%	13.08%	6.01%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income²	492,199)	425,634)	385,961)	278,087)	263,162)	133,508)
Adjusted net sales³	3,624,930)	3,160,718)	2,545,641)	2,132,689)	2,020,437)	1,903,339)
Profitability Ratio
Adjusted net profit margin⁴	13.58%	13.47%	15.16%	13.04%	13.03%	7.01%

Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).

¹ 2023 Calculation
Net profit margin = 100 × Net income ÷ Net sales
= 100 × 516,822 ÷ 3,627,286 = 14.25%

² Adjusted net income. See details »

³ Adjusted net sales. See details »

⁴ 2023 Calculation
Adjusted net profit margin = 100 × Adjusted net income ÷ Adjusted net sales
= 100 × 492,199 ÷ 3,624,930 = 13.58%

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Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Deckers Outdoor Corp. adjusted net profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018
Reported
Selected Financial Data (US$ in thousands)
Net income	516,822)	451,949)	382,575)	276,142)	264,308)	114,394)
Stockholders’ equity	1,765,733)	1,538,825)	1,444,225)	1,140,120)	1,045,130)	940,779)
Profitability Ratio
ROE¹	29.27%	29.37%	26.49%	24.22%	25.29%	12.16%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income²	492,199)	425,634)	385,961)	278,087)	263,162)	133,508)
Adjusted stockholders’ equity³	1,717,165)	1,499,456)	1,416,761)	1,118,876)	1,019,333)	905,885)
Profitability Ratio
Adjusted ROE⁴	28.66%	28.39%	27.24%	24.85%	25.82%	14.74%

Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).

¹ 2023 Calculation
ROE = 100 × Net income ÷ Stockholders’ equity
= 100 × 516,822 ÷ 1,765,733 = 29.27%

² Adjusted net income. See details »

³ Adjusted stockholders’ equity. See details »

⁴ 2023 Calculation
Adjusted ROE = 100 × Adjusted net income ÷ Adjusted stockholders’ equity
= 100 × 492,199 ÷ 1,717,165 = 28.66%

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Profitability ratio	Description	The company
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	Deckers Outdoor Corp. adjusted ROE improved from 2021 to 2022 and from 2022 to 2023.

	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018
Reported
Selected Financial Data (US$ in thousands)
Net income	516,822)	451,949)	382,575)	276,142)	264,308)	114,394)
Total assets	2,556,203)	2,332,250)	2,167,705)	1,765,118)	1,427,206)	1,264,379)
Profitability Ratio
ROA¹	20.22%	19.38%	17.65%	15.64%	18.52%	9.05%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income²	492,199)	425,634)	385,961)	278,087)	263,162)	133,508)
Adjusted total assets³	2,494,187)	2,277,077)	2,140,241)	1,743,874)	1,643,602)	1,505,971)
Profitability Ratio
Adjusted ROA⁴	19.73%	18.69%	18.03%	15.95%	16.01%	8.87%

Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).

¹ 2023 Calculation
ROA = 100 × Net income ÷ Total assets
= 100 × 516,822 ÷ 2,556,203 = 20.22%

² Adjusted net income. See details »

³ Adjusted total assets. See details »

⁴ 2023 Calculation
Adjusted ROA = 100 × Adjusted net income ÷ Adjusted total assets
= 100 × 492,199 ÷ 2,494,187 = 19.73%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Deckers Outdoor Corp. adjusted ROA improved from 2021 to 2022 and from 2022 to 2023.

Deckers Outdoor Corp. (NYSE:DECK)

Adjusted Financial Ratios

Adjusted Financial Ratios (Summary)

Deckers Outdoor Corp., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Adjusted Current Ratio

Adjusted Debt to Equity

Adjusted Debt to Capital

Adjusted Financial Leverage

Adjusted Net Profit Margin

Adjusted Return on Equity (ROE)

Adjusted Return on Assets (ROA)