Name: Deckers Outdoor Corp. (NYSE:DECK) | Common-Size Assets
Creator: Stock Analysis on Net

Common-Size Balance Sheet: Assets

Deckers Outdoor Corp., common-size consolidated balance sheet: assets

	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018
Cash and cash equivalents	38.41%	36.17%	50.25%	36.79%	41.32%	34.01%
Trade accounts receivable, net of allowances	11.80%	12.98%	9.95%	10.51%	12.51%	11.37%
Inventories	20.85%	21.73%	12.84%	17.65%	19.54%	23.70%
Prepaid expenses	1.32%	1.10%	0.78%	1.01%	1.39%	1.40%
Other current assets	2.17%	2.37%	2.04%	1.22%	1.82%	1.39%
Income tax receivable	0.19%	0.78%	0.29%	0.46%	0.16%	0.17%
Current assets	74.73%	75.13%	76.15%	67.65%	76.75%	72.03%
Property and equipment, net of accumulated depreciation	10.43%	9.54%	9.51%	11.84%	14.98%	17.41%
Operating lease assets	8.34%	7.82%	8.63%	13.80%	0.00%	0.00%
Goodwill	0.55%	0.60%	0.65%	0.79%	0.98%	1.11%
Other intangible assets, net of accumulated amortization	1.47%	1.70%	1.93%	2.72%	3.61%	4.58%
Deferred tax assets, net	2.84%	2.75%	1.72%	1.60%	2.16%	3.04%
Other assets	1.64%	2.46%	1.41%	1.60%	1.52%	1.84%
Long-term assets	25.27%	24.87%	23.85%	32.35%	23.25%	27.97%
Total assets	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

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).

The asset structure of the company is characterized by a high concentration of current assets, which consistently represent between 67% and 77% of the total asset base over the six-year period. This indicates a highly liquid financial posture with a preference for short-term asset holdings over long-term capital investments.

Liquidity and Working Capital Trends: Cash and cash equivalents constitute the largest portion of the asset base, showing significant volatility but remaining elevated. A peak was observed on March 31, 2021, where cash reached 50.25% of total assets, before stabilizing around 38.41% by March 31, 2023. Trade accounts receivable have remained relatively stable, fluctuating within a narrow band between 9.95% and 12.98%.; Inventories exhibit a cyclical pattern, starting at 23.70% in 2018 and declining to a low of 12.84% in 2021. A subsequent increase back to 20.85% by 2023 suggests a strategic restocking or a shift in inventory management following a period of lean holdings.
Non-Current Asset Evolution: Property and equipment, net of accumulated depreciation, demonstrate a consistent downward trend, decreasing from 17.41% of total assets in 2018 to 10.43% in 2023. This suggests a reduction in the relative intensity of fixed asset investment.; Operating lease assets appeared in the reporting starting March 31, 2020, initially accounting for 13.80% of total assets and subsequently stabilizing between 7.82% and 8.63%.; Intangible assets and goodwill have undergone a steady decline. Other intangible assets fell from 4.58% in 2018 to 1.47% in 2023, while goodwill decreased from 1.11% to 0.55% over the same period, reflecting the effects of amortization and a shrinking relative share of these assets.

Overall, the balance sheet reflects a transition toward a more asset-light model in terms of fixed property and equipment, complemented by a robust liquidity position. The dominance of current assets suggests the company maintains significant flexibility to fund operations and respond to market volatility.

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