Stock Analysis on Net
Stock Analysis on Net

Deckers Outdoor Corp. (NYSE:DECK)

$22.49

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

Common-Size Balance Sheet: Assets
Quarterly Data

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Deckers Outdoor Corp., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
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 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017
Cash and cash equivalents
Trade accounts receivable, net of allowances
Inventories
Prepaid expenses
Other current assets
Income tax receivable
Current assets
Property and equipment, net of accumulated depreciation
Operating lease assets
Goodwill
Other intangible assets, net of accumulated amortization
Deferred tax assets, net
Other assets
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-K (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-K (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-K (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30).

Cash and cash equivalents
Cash and cash equivalents as a percentage of total assets fluctuated significantly over the periods analyzed. Initial values were relatively high around 21.99% in mid-2017, followed by a decline to around 12.79% in late 2017 and 2018, with notable peaks observed at the end of 2020 exceeding 48%. Afterward, there were declines and rises in early 2023, reaching nearly 49.32% by the end of 2023. This indicates variability in liquidity levels, possibly reflecting shifts in cash management or operational cash flow cycles.
Trade accounts receivable, net of allowances
The trade accounts receivable as a percentage of total assets displayed a cyclical pattern with peaks generally occurring in the third quarter of each year. Values ranged from a low point near 7.32% to highs exceeding 22.6%. The overall trend suggests seasonal fluctuations, perhaps tied to sales cycles or credit policies, with some periods showing temporary reductions in receivables relative to asset size.
Inventories
Inventory levels showed marked volatility, generally trending downward within some years and upward in others. Peaks near 37.51% were seen late in 2022, contrasted with lows around 12.79% in late 2020. The fluctuations might indicate changing inventory management strategies or adaptations to demand variations. The decline during late 2020 could be associated with improving turnover or supply chain adjustments.
Prepaid expenses
This asset category remained relatively stable but low, typically around 1% to 1.6% of total assets. Slight increases toward the end of the period suggest a gradual buildup of prepaid items, but no major shifts were observed.
Other current assets
Other current assets showed minor fluctuations without a clear long-term trend, generally hovering between 1% and 3.5%. Occasional increases and decreases may reflect changes in miscellaneous current asset composition or short-term financial adjustments.
Income tax receivable
The income tax receivable component remained small throughout, mostly below 1%. There were slight rises at some points, such as mid-2020 and 2022, which may reflect timing differences or specific tax events affecting short-term recoverable taxes.
Current assets overall
Current assets as a percentage of total assets mostly stayed above 67%, with values nearing 80% at several points, notably in late 2021 and late 2023. This dominant proportion highlights a strong emphasis on liquidity and short-term asset management. The maintained high levels may signal a conservative asset structure favoring current over long-term assets.
Property and equipment, net
This long-term asset category steadily declined from 17.25% in mid-2017 to below 9% by the end of 2023. This persistent decrease suggests depreciation outpacing new capital expenditure or strategic asset disposition, possibly reflecting a shift toward less capital-intensive operations or increased reliance on intangible assets and leases.
Operating lease assets
Operating lease assets were not reported before mid-2019 but appeared at 13.25% then generally declined to approximately 6.94% by the end of 2023. This decrease could indicate the company’s lease agreements are ending, renegotiations, or shifts in lease accounting practices and asset recognition.
Goodwill
Goodwill remained a minor proportion, decreasing gradually from just above 1% to nearly 0.42% of total assets. This trend suggests minimal recent acquisitions or periodic impairment adjustments reducing goodwill.
Other intangible assets, net
Other intangible assets experienced a steady decline from about 5% to around 1% to 1.5%, indicating amortization and limited additions to intangible assets. This reduction reflects the amortization impact and possibly fewer investments in intangible resources over time.
Deferred tax assets, net
Deferred tax assets showed a gradual decline from near 4% to about 2% by year-end 2023, with some minor recoveries in certain quarters. This reflects changes in the tax assets the company expects to utilize, possibly influenced by profitability changes or tax strategy adjustments.
Other assets
Other assets stayed relatively steady around 1.3% to 2.5% of total assets, suggesting limited impact on the overall asset structure from miscellaneous long-term items.
Long-term assets overall
Long-term assets as a percentage of total assets diminished from about 29% to approximately 20%, reflecting decreased property and equipment, lower intangible assets, and reduced operating lease assets. This overall shrinking of long-term assets suggests strategic realignment towards a more current asset-heavy balance sheet, indicating a focus on liquidity and potentially a less asset-intensive business model.