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 Income Statement

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Deckers Outdoor Corp., common-size consolidated income statement

Microsoft Excel
12 months ended: Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Net sales
Cost of sales
Gross profit
Selling, general, and administrative expenses
Income from operations
Interest income
Interest expense
Other income (expense), net
Other income (expense), net
Income before income taxes
Income tax expense
Net income

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).

Gross Profit Margin
The gross profit margin showed an increasing trend from 48.95% in 2018 to a peak of 53.98% in 2021, indicating improved efficiency or pricing power during this period. However, it declined thereafter to 51.03% in 2022 and 50.32% in 2023, suggesting some pressure on cost of sales or pricing.
Cost of Sales
The cost of sales as a percentage of net sales decreased from -51.05% in 2018 to -46.02% in 2021, reflecting positive cost management or favorable input costs. From 2021 onwards, it increased again to -48.97% in 2022 and -49.68% in 2023, partially reversing earlier improvements.
Selling, General, and Administrative Expenses (SG&A)
SG&A expenses steadily declined relative to net sales over the period, from -37.25% in 2018 to -32.33% in 2023. This reflects enhanced operational efficiencies or tighter expense control contributing favorably to the operating margin.
Income from Operations
Operating income as a percentage of net sales showed consistent improvement from 11.69% in 2018 to 19.81% in 2021. Although it slightly decreased to 17.93% in 2022, it rebounded slightly to 18% in 2023, suggesting continued strong operational performance overall.
Interest Income and Expense
Interest income remained relatively low and fluctuated, peaking at 0.43% in 2023. Interest expense was stable at around -0.24% up to 2021, then declined markedly to about -0.07% and -0.09% in 2022 and 2023, indicating reduced financing costs or lower debt levels.
Other Income (Expense), Net
Other income and expenses showed minor fluctuations around zero, with a small increase to 0.37% in 2023 from negative or near zero figures in prior years, perhaps reflecting unusual or non-recurring gains in the latest year.
Income Before Income Taxes
The percentage of income before income taxes increased from 11.6% in 2018 to a peak of 19.7% in 2021, then declined marginally to about 17.92% in 2022 before rising to 18.36% in 2023, broadly mirroring trends in operating income.
Income Tax Expense
Income tax expense as a percentage of net sales showed a downward trend from -5.59% in 2018 to about -3.03% in 2020, rose to -4.67% in 2021, then decreased again to around -3.58% in 2022 before rising slightly to -4.11% in 2023. This pattern suggests variability in tax rates or tax planning outcomes.
Net Income
Net income margin improved significantly from 6.01% in 2018 to 15.03% in 2021, reflecting strong overall profitability growth. It then saw a slight decline to 14.35% in 2022 and a small decrease to 14.25% in 2023, indicating sustained solid profitability despite some margin pressure.