Common-Size Income Statement
Quarterly Data
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- Income Statement
- Balance Sheet: Assets
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Price to Book Value (P/BV) since 2005
- Aggregate Accruals
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Deckers Outdoor Corp., common-size consolidated income statement (quarterly data)
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).
- Cost of Sales
- The cost of sales as a percentage of net sales exhibits significant volatility across the periods. It decreased notably from -56.79% in mid-2017 to a low of -41.26% by the end of 2023, indicating improved cost efficiency over time. However, several interim spikes, such as above -50% around mid-2018 and 2019, suggest episodic increases in costs affecting gross margins temporarily.
- Gross Profit
- The gross profit margin displayed an overall strengthening trend, rising from 43.21% in mid-2017 to peak at 58.74% by the end of 2023. There were cyclical fluctuations corresponding inversely with cost of sales movements. Notably, gross profit margins surpassed 50% consistently from late 2017 onward, showing an enhanced ability to retain value from revenues.
- Selling, General, and Administrative Expenses (SG&A)
- SG&A expenses as a percentage of net sales fluctuated widely, with notable troughs at around -70% in mid-2017 and several peaks near -25% during late 2017 and 2020. This irregular pattern indicates varying management of operating expenses, possibly reflecting strategic adjustments or extraordinary expenditures in some quarters. The variability complicates consistent margin analysis but the tendency towards moderation after 2020 suggests improved cost control.
- Income (Loss) from Operations
- The operating income margin shows marked volatility, ranging from significant losses (~ -26.82% in mid-2017) to strong gains exceeding 30% near the end of 2023. These swings broadly mirror the movements in SG&A and gross profit, indicating the company's operating profitability is sensitive to both cost control and sales efficiency. Improving trends post-2020 manifest stronger operational performance.
- Interest Income and Expense
- Interest income remained low but generally positive, increasing modestly over the period and peaking at 1.67% near late 2023. Interest expense was consistently negative but generally less than 0.6% in magnitude, with occasional minor fluctuations close to zero or even slight positive spikes. The net impact appears marginal on overall profitability but increasingly favorable towards the end of the timeline.
- Other Income (Expense), Net
- This line item shows small, mixed values with frequent swings around zero, indicating relatively minor and irregular influences on net results. There was a pronounced spike above 1% in late 2023, suggesting a significant but isolated non-operating event contributing positively at that time.
- Income before Income Taxes
- This metric closely tracks income from operations, displaying substantial variability encompassing losses below -26% and gains exceeding 31%. The pattern reinforces the overall operational volatility and the capacity for recovery and growth, especially evident in recent quarters towards the end of the period.
- Income Tax (Expense) Benefit
- The tax rate percentage fluctuated, often presenting as an expense but occasionally providing benefits depending on the quarter’s income profile. The inconsistent pattern, ranging from positive to negative values, reflects the underlying shifts in profitability and tax planning effects impacting the after-tax results.
- Net Income (Loss)
- Net income margins reflected high variability, moving from deep losses (-20.08% in mid-2017) to strong profitability (24.99% by end-2023). This volatility mirrors the operational trends but also incorporates tax and interest effects. The positive directional shift, particularly after 2019, illustrates improved overall financial health and earnings generation capabilities, signaling successful adaptation to the operating environment over time.