Stock Analysis on Net

Deckers Outdoor Corp. (NYSE:DECK)

This company has been moved to the archive! The financial data has not been updated since February 5, 2024.

Analysis of Reportable Segments

Microsoft Excel

Segment Profit Margin

Deckers Outdoor Corp., profit margin by reportable segment

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
UGG Wholesale 26.59% 28.97% 33.58% 34.03% 33.86% 29.44%
HOKA Wholesale 30.81% 24.71% 27.44% 22.32% 19.30% 15.79%
Teva Wholesale 21.86% 25.79% 25.60% 25.81% 23.40% 17.36%
Sanuk Wholesale 10.45% 21.32% -0.61% 8.14% 18.31% 18.49%
Other Brands Wholesale -3.13% 23.16% 31.10% 23.95% 24.31% 7.55%
Direct-to-Consumer 34.70% 35.88% 32.76% 24.77% 25.94% 21.92%

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).

Segment profitability ratio Reportable segment The company
Segment profit margin UGG Wholesale UGG Wholesale segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
HOKA Wholesale HOKA Wholesale segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Teva Wholesale Teva Wholesale segment profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.
Sanuk Wholesale Sanuk Wholesale segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Other Brands Wholesale Other Brands Wholesale segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Direct-to-Consumer Direct-to-Consumer segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Segment Profit Margin: UGG Wholesale

Deckers Outdoor Corp.; UGG Wholesale; segment profit margin calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Income (loss) from operations 267,013 315,240 292,718 303,908 300,761 247,826
Net sales 1,004,356 1,088,082 871,799 892,990 888,347 841,893
Segment Profitability Ratio
Segment profit margin1 26.59% 28.97% 33.58% 34.03% 33.86% 29.44%

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
Segment profit margin = 100 × Income (loss) from operations ÷ Net sales
= 100 × 267,013 ÷ 1,004,356 = 26.59%

Segment profitability ratio Reportable segment The company
Segment profit margin UGG Wholesale UGG Wholesale segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: HOKA Wholesale

Deckers Outdoor Corp.; HOKA Wholesale; segment profit margin calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Income (loss) from operations 285,257 155,344 111,208 61,860 35,717 20,954
Net sales 925,877 628,674 405,243 277,097 185,057 132,688
Segment Profitability Ratio
Segment profit margin1 30.81% 24.71% 27.44% 22.32% 19.30% 15.79%

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
Segment profit margin = 100 × Income (loss) from operations ÷ Net sales
= 100 × 285,257 ÷ 925,877 = 30.81%

Segment profitability ratio Reportable segment The company
Segment profit margin HOKA Wholesale HOKA Wholesale segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Segment Profit Margin: Teva Wholesale

Deckers Outdoor Corp.; Teva Wholesale; segment profit margin calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Income (loss) from operations 32,595 33,294 27,120 30,736 27,939 20,400
Net sales 149,111 129,094 105,928 119,108 119,390 117,478
Segment Profitability Ratio
Segment profit margin1 21.86% 25.79% 25.60% 25.81% 23.40% 17.36%

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
Segment profit margin = 100 × Income (loss) from operations ÷ Net sales
= 100 × 32,595 ÷ 149,111 = 21.86%

Segment profitability ratio Reportable segment The company
Segment profit margin Teva Wholesale Teva Wholesale segment profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Segment Profit Margin: Sanuk Wholesale

Deckers Outdoor Corp.; Sanuk Wholesale; segment profit margin calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Income (loss) from operations 2,891 6,463 (162) 3,212 12,781 14,474
Net sales 27,678 30,316 26,566 39,463 69,791 78,283
Segment Profitability Ratio
Segment profit margin1 10.45% 21.32% -0.61% 8.14% 18.31% 18.49%

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
Segment profit margin = 100 × Income (loss) from operations ÷ Net sales
= 100 × 2,891 ÷ 27,678 = 10.45%

Segment profitability ratio Reportable segment The company
Segment profit margin Sanuk Wholesale Sanuk Wholesale segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Segment Profit Margin: Other Brands Wholesale

Deckers Outdoor Corp.; Other Brands Wholesale; segment profit margin calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Income (loss) from operations (1,678) 14,028 21,573 16,087 10,411 1,304
Net sales 53,653 60,573 69,375 67,175 42,818 17,273
Segment Profitability Ratio
Segment profit margin1 -3.13% 23.16% 31.10% 23.95% 24.31% 7.55%

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
Segment profit margin = 100 × Income (loss) from operations ÷ Net sales
= 100 × -1,678 ÷ 53,653 = -3.13%

Segment profitability ratio Reportable segment The company
Segment profit margin Other Brands Wholesale Other Brands Wholesale segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: Direct-to-Consumer

Deckers Outdoor Corp.; Direct-to-Consumer; segment profit margin calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Income (loss) from operations 508,948 435,414 349,465 182,548 185,449 156,896
Net sales 1,466,611 1,213,600 1,066,730 736,856 715,034 715,724
Segment Profitability Ratio
Segment profit margin1 34.70% 35.88% 32.76% 24.77% 25.94% 21.92%

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
Segment profit margin = 100 × Income (loss) from operations ÷ Net sales
= 100 × 508,948 ÷ 1,466,611 = 34.70%

Segment profitability ratio Reportable segment The company
Segment profit margin Direct-to-Consumer Direct-to-Consumer segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Segment Return on Assets (Segment ROA)

Deckers Outdoor Corp., ROA by reportable segment

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
UGG Wholesale 102.04% 82.34% 137.89% 123.92% 125.10% 107.80%
HOKA Wholesale 63.89% 53.01% 66.05% 49.50% 37.93% 31.78%
Teva Wholesale 34.41% 36.53% 31.07% 34.04% 36.58% 23.73%
Sanuk Wholesale 6.98% 15.85% -0.42% 6.38% 17.93% 18.25%
Other Brands Wholesale -6.86% 43.26% 115.17% 74.70% 71.22% 14.71%
Direct-to-Consumer 232.19% 227.74% 178.22% 74.97% 194.19% 139.64%

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).

Segment profitability ratio Reportable segment The company
Segment ROA UGG Wholesale UGG Wholesale segment ROA deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
HOKA Wholesale HOKA Wholesale segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.
Teva Wholesale Teva Wholesale segment ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Sanuk Wholesale Sanuk Wholesale segment ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.
Other Brands Wholesale Other Brands Wholesale segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023.
Direct-to-Consumer Direct-to-Consumer segment ROA improved from 2021 to 2022 and from 2022 to 2023.

Segment ROA: UGG Wholesale

Deckers Outdoor Corp.; UGG Wholesale; segment ROA calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Income (loss) from operations 267,013 315,240 292,718 303,908 300,761 247,826
Assets 261,683 382,837 212,277 245,239 240,411 229,894
Segment Profitability Ratio
Segment ROA1 102.04% 82.34% 137.89% 123.92% 125.10% 107.80%

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
Segment ROA = 100 × Income (loss) from operations ÷ Assets
= 100 × 267,013 ÷ 261,683 = 102.04%

Segment profitability ratio Reportable segment The company
Segment ROA UGG Wholesale UGG Wholesale segment ROA deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Segment ROA: HOKA Wholesale

Deckers Outdoor Corp.; HOKA Wholesale; segment ROA calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Income (loss) from operations 285,257 155,344 111,208 61,860 35,717 20,954
Assets 446,450 293,025 168,365 124,958 94,157 65,943
Segment Profitability Ratio
Segment ROA1 63.89% 53.01% 66.05% 49.50% 37.93% 31.78%

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
Segment ROA = 100 × Income (loss) from operations ÷ Assets
= 100 × 285,257 ÷ 446,450 = 63.89%

Segment profitability ratio Reportable segment The company
Segment ROA HOKA Wholesale HOKA Wholesale segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Segment ROA: Teva Wholesale

Deckers Outdoor Corp.; Teva Wholesale; segment ROA calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Income (loss) from operations 32,595 33,294 27,120 30,736 27,939 20,400
Assets 94,735 91,140 87,284 90,305 76,370 85,980
Segment Profitability Ratio
Segment ROA1 34.41% 36.53% 31.07% 34.04% 36.58% 23.73%

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
Segment ROA = 100 × Income (loss) from operations ÷ Assets
= 100 × 32,595 ÷ 94,735 = 34.41%

Segment profitability ratio Reportable segment The company
Segment ROA Teva Wholesale Teva Wholesale segment ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Segment ROA: Sanuk Wholesale

Deckers Outdoor Corp.; Sanuk Wholesale; segment ROA calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Income (loss) from operations 2,891 6,463 (162) 3,212 12,781 14,474
Assets 41,405 40,766 38,311 50,314 71,285 79,322
Segment Profitability Ratio
Segment ROA1 6.98% 15.85% -0.42% 6.38% 17.93% 18.25%

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
Segment ROA = 100 × Income (loss) from operations ÷ Assets
= 100 × 2,891 ÷ 41,405 = 6.98%

Segment profitability ratio Reportable segment The company
Segment ROA Sanuk Wholesale Sanuk Wholesale segment ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

Segment ROA: Other Brands Wholesale

Deckers Outdoor Corp.; Other Brands Wholesale; segment ROA calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Income (loss) from operations (1,678) 14,028 21,573 16,087 10,411 1,304
Assets 24,448 32,429 18,732 21,535 14,618 8,866
Segment Profitability Ratio
Segment ROA1 -6.86% 43.26% 115.17% 74.70% 71.22% 14.71%

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
Segment ROA = 100 × Income (loss) from operations ÷ Assets
= 100 × -1,678 ÷ 24,448 = -6.86%

Segment profitability ratio Reportable segment The company
Segment ROA Other Brands Wholesale Other Brands Wholesale segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment ROA: Direct-to-Consumer

Deckers Outdoor Corp.; Direct-to-Consumer; segment ROA calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Income (loss) from operations 508,948 435,414 349,465 182,548 185,449 156,896
Assets 219,194 191,193 196,091 243,489 95,501 112,355
Segment Profitability Ratio
Segment ROA1 232.19% 227.74% 178.22% 74.97% 194.19% 139.64%

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
Segment ROA = 100 × Income (loss) from operations ÷ Assets
= 100 × 508,948 ÷ 219,194 = 232.19%

Segment profitability ratio Reportable segment The company
Segment ROA Direct-to-Consumer Direct-to-Consumer segment ROA improved from 2021 to 2022 and from 2022 to 2023.

Segment Asset Turnover

Deckers Outdoor Corp., asset turnover by reportable segment

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
UGG Wholesale 3.84 2.84 4.11 3.64 3.70 3.66
HOKA Wholesale 2.07 2.15 2.41 2.22 1.97 2.01
Teva Wholesale 1.57 1.42 1.21 1.32 1.56 1.37
Sanuk Wholesale 0.67 0.74 0.69 0.78 0.98 0.99
Other Brands Wholesale 2.19 1.87 3.70 3.12 2.93 1.95
Direct-to-Consumer 6.69 6.35 5.44 3.03 7.49 6.37

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).

Segment activity ratio Reportable segment The company
Segment asset turnover UGG Wholesale UGG Wholesale segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.
HOKA Wholesale HOKA Wholesale segment asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Teva Wholesale Teva Wholesale segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Sanuk Wholesale Sanuk Wholesale segment asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.
Other Brands Wholesale Other Brands Wholesale segment asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Direct-to-Consumer Direct-to-Consumer segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Asset Turnover: UGG Wholesale

Deckers Outdoor Corp.; UGG Wholesale; segment asset turnover calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Net sales 1,004,356 1,088,082 871,799 892,990 888,347 841,893
Assets 261,683 382,837 212,277 245,239 240,411 229,894
Segment Activity Ratio
Segment asset turnover1 3.84 2.84 4.11 3.64 3.70 3.66

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
Segment asset turnover = Net sales ÷ Assets
= 1,004,356 ÷ 261,683 = 3.84

Segment activity ratio Reportable segment The company
Segment asset turnover UGG Wholesale UGG Wholesale segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Segment Asset Turnover: HOKA Wholesale

Deckers Outdoor Corp.; HOKA Wholesale; segment asset turnover calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Net sales 925,877 628,674 405,243 277,097 185,057 132,688
Assets 446,450 293,025 168,365 124,958 94,157 65,943
Segment Activity Ratio
Segment asset turnover1 2.07 2.15 2.41 2.22 1.97 2.01

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
Segment asset turnover = Net sales ÷ Assets
= 925,877 ÷ 446,450 = 2.07

Segment activity ratio Reportable segment The company
Segment asset turnover HOKA Wholesale HOKA Wholesale segment asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Asset Turnover: Teva Wholesale

Deckers Outdoor Corp.; Teva Wholesale; segment asset turnover calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Net sales 149,111 129,094 105,928 119,108 119,390 117,478
Assets 94,735 91,140 87,284 90,305 76,370 85,980
Segment Activity Ratio
Segment asset turnover1 1.57 1.42 1.21 1.32 1.56 1.37

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
Segment asset turnover = Net sales ÷ Assets
= 149,111 ÷ 94,735 = 1.57

Segment activity ratio Reportable segment The company
Segment asset turnover Teva Wholesale Teva Wholesale segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Asset Turnover: Sanuk Wholesale

Deckers Outdoor Corp.; Sanuk Wholesale; segment asset turnover calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Net sales 27,678 30,316 26,566 39,463 69,791 78,283
Assets 41,405 40,766 38,311 50,314 71,285 79,322
Segment Activity Ratio
Segment asset turnover1 0.67 0.74 0.69 0.78 0.98 0.99

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
Segment asset turnover = Net sales ÷ Assets
= 27,678 ÷ 41,405 = 0.67

Segment activity ratio Reportable segment The company
Segment asset turnover Sanuk Wholesale Sanuk Wholesale segment asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Segment Asset Turnover: Other Brands Wholesale

Deckers Outdoor Corp.; Other Brands Wholesale; segment asset turnover calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Net sales 53,653 60,573 69,375 67,175 42,818 17,273
Assets 24,448 32,429 18,732 21,535 14,618 8,866
Segment Activity Ratio
Segment asset turnover1 2.19 1.87 3.70 3.12 2.93 1.95

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
Segment asset turnover = Net sales ÷ Assets
= 53,653 ÷ 24,448 = 2.19

Segment activity ratio Reportable segment The company
Segment asset turnover Other Brands Wholesale Other Brands Wholesale segment asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Segment Asset Turnover: Direct-to-Consumer

Deckers Outdoor Corp.; Direct-to-Consumer; segment asset turnover calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Net sales 1,466,611 1,213,600 1,066,730 736,856 715,034 715,724
Assets 219,194 191,193 196,091 243,489 95,501 112,355
Segment Activity Ratio
Segment asset turnover1 6.69 6.35 5.44 3.03 7.49 6.37

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
Segment asset turnover = Net sales ÷ Assets
= 1,466,611 ÷ 219,194 = 6.69

Segment activity ratio Reportable segment The company
Segment asset turnover Direct-to-Consumer Direct-to-Consumer segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Capital Expenditures to Depreciation

Deckers Outdoor Corp., capital expenditures to depreciation by reportable segment

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
UGG Wholesale 1.35 0.26 -0.06 0.66 0.16 0.02
HOKA Wholesale 1.30 1.70 0.09 0.71 0.63 0.00
Teva Wholesale 0.00 0.00 0.00
Sanuk Wholesale 0.00 0.00 0.00 0.00 0.00 0.00
Other Brands Wholesale 0.00 0.00 0.10 0.17 0.03 0.00
Direct-to-Consumer 1.93 1.22 0.94 0.73 0.47 0.65

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).

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation UGG Wholesale UGG Wholesale segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.
HOKA Wholesale HOKA Wholesale segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Teva Wholesale
Sanuk Wholesale
Other Brands Wholesale
Direct-to-Consumer Direct-to-Consumer segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Capital Expenditures to Depreciation: UGG Wholesale

Deckers Outdoor Corp.; UGG Wholesale; segment capital expenditures to depreciation calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Capital expenditures 826 109 (31) 404 205 58
Depreciation, amortization, and accretion 611 416 532 611 1,254 3,193
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.35 0.26 -0.06 0.66 0.16 0.02

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
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation, amortization, and accretion
= 826 ÷ 611 = 1.35

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation UGG Wholesale UGG Wholesale segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Capital Expenditures to Depreciation: HOKA Wholesale

Deckers Outdoor Corp.; HOKA Wholesale; segment capital expenditures to depreciation calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Capital expenditures 1,229 1,191 56 434 285
Depreciation, amortization, and accretion 945 701 611 612 456 485
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.30 1.70 0.09 0.71 0.63 0.00

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
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation, amortization, and accretion
= 1,229 ÷ 945 = 1.30

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation HOKA Wholesale HOKA Wholesale segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Segment Capital Expenditures to Depreciation: Teva Wholesale

Deckers Outdoor Corp.; Teva Wholesale; segment capital expenditures to depreciation calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Capital expenditures
Depreciation, amortization, and accretion 1 10 12
Segment Financial Ratio
Segment capital expenditures to depreciation1 0.00 0.00 0.00

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
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation, amortization, and accretion
= 0 ÷ 0 =

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Teva Wholesale

Segment Capital Expenditures to Depreciation: Sanuk Wholesale

Deckers Outdoor Corp.; Sanuk Wholesale; segment capital expenditures to depreciation calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Capital expenditures 8 20
Depreciation, amortization, and accretion 1,490 1,490 1,727 2,361 4,171 4,174
Segment Financial Ratio
Segment capital expenditures to depreciation1 0.00 0.00 0.00 0.00 0.00 0.00

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
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation, amortization, and accretion
= 0 ÷ 1,490 = 0.00

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Sanuk Wholesale

Segment Capital Expenditures to Depreciation: Other Brands Wholesale

Deckers Outdoor Corp.; Other Brands Wholesale; segment capital expenditures to depreciation calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Capital expenditures 40 64 11
Depreciation, amortization, and accretion 382 382 382 382 382 380
Segment Financial Ratio
Segment capital expenditures to depreciation1 0.00 0.00 0.10 0.17 0.03 0.00

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
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation, amortization, and accretion
= 0 ÷ 382 = 0.00

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Other Brands Wholesale

Segment Capital Expenditures to Depreciation: Direct-to-Consumer

Deckers Outdoor Corp.; Direct-to-Consumer; segment capital expenditures to depreciation calculation

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Capital expenditures 19,789 11,872 10,434 7,753 5,739 8,641
Depreciation, amortization, and accretion 10,276 9,771 11,121 10,586 12,195 13,396
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.93 1.22 0.94 0.73 0.47 0.65

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
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation, amortization, and accretion
= 19,789 ÷ 10,276 = 1.93

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Direct-to-Consumer Direct-to-Consumer segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.

Net sales

Deckers Outdoor Corp., net sales by reportable segment

US$ in thousands

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
UGG Wholesale 1,004,356 1,088,082 871,799 892,990 888,347 841,893
HOKA Wholesale 925,877 628,674 405,243 277,097 185,057 132,688
Teva Wholesale 149,111 129,094 105,928 119,108 119,390 117,478
Sanuk Wholesale 27,678 30,316 26,566 39,463 69,791 78,283
Other Brands Wholesale 53,653 60,573 69,375 67,175 42,818 17,273
Direct-to-Consumer 1,466,611 1,213,600 1,066,730 736,856 715,034 715,724
Total 3,627,286 3,150,339 2,545,641 2,132,689 2,020,437 1,903,339

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).


Income (loss) from operations

Deckers Outdoor Corp., income (loss) from operations by reportable segment

US$ in thousands

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
UGG Wholesale 267,013 315,240 292,718 303,908 300,761 247,826
HOKA Wholesale 285,257 155,344 111,208 61,860 35,717 20,954
Teva Wholesale 32,595 33,294 27,120 30,736 27,939 20,400
Sanuk Wholesale 2,891 6,463 (162) 3,212 12,781 14,474
Other Brands Wholesale (1,678) 14,028 21,573 16,087 10,411 1,304
Direct-to-Consumer 508,948 435,414 349,465 182,548 185,449 156,896
Unallocated overhead costs (442,275) (395,076) (297,717) (260,216) (245,738) (239,270)
Total 652,751 564,707 504,205 338,135 327,320 222,584

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).


Depreciation, amortization, and accretion

Deckers Outdoor Corp., depreciation, amortization, and accretion by reportable segment

US$ in thousands

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
UGG Wholesale 611 416 532 611 1,254 3,193
HOKA Wholesale 945 701 611 612 456 485
Teva Wholesale 1 10 12
Sanuk Wholesale 1,490 1,490 1,727 2,361 4,171 4,174
Other Brands Wholesale 382 382 382 382 382 380
Direct-to-Consumer 10,276 9,771 11,121 10,586 12,195 13,396
Unallocated overhead costs 34,154 30,118 26,157 24,359 26,473 26,932
Total 47,858 42,878 40,530 38,912 44,941 48,572

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).


Capital expenditures

Deckers Outdoor Corp., capital expenditures by reportable segment

US$ in thousands

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
UGG Wholesale 826 109 (31) 404 205 58
HOKA Wholesale 1,229 1,191 56 434 285
Teva Wholesale
Sanuk Wholesale 8 20
Other Brands Wholesale 40 64 11
Direct-to-Consumer 19,789 11,872 10,434 7,753 5,739 8,641
Unallocated overhead costs 72,709 44,542 21,711 23,800 22,846 26,094
Total 94,553 57,714 32,218 32,455 29,086 34,813

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).


Assets

Deckers Outdoor Corp., assets by reportable segment

US$ in thousands

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
UGG Wholesale 261,683 382,837 212,277 245,239 240,411 229,894
HOKA Wholesale 446,450 293,025 168,365 124,958 94,157 65,943
Teva Wholesale 94,735 91,140 87,284 90,305 76,370 85,980
Sanuk Wholesale 41,405 40,766 38,311 50,314 71,285 79,322
Other Brands Wholesale 24,448 32,429 18,732 21,535 14,618 8,866
Direct-to-Consumer 219,194 191,193 196,091 243,489 95,501 112,355
Total 1,087,915 1,031,390 721,060 775,840 592,342 582,360

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).