Deckers Outdoor Corp. (NYSE:DECK)

The analysis of the financial data pertaining to current assets over the six years reveals a consistent upward trend. Both the reported current assets and the adjusted current assets demonstrate significant growth from the year ending March 31, 2018, through to March 31, 2023.

Current Assets

There is a steady increase in current assets, starting from approximately 910,690 thousand US dollars in 2018 and rising to about 1,910,253 thousand US dollars by 2023. This represents more than a twofold increase over the five-year period, indicating expanding liquidity or growing short-term resources available to the company.

Adjusted Current Assets

The adjusted current assets show a very similar growth pattern, beginning slightly higher at 914,177 thousand US dollars in 2018 and growing to 1,920,829 thousand US dollars in 2023. The closeness of the adjusted figures to the reported current assets suggests that any adjustments made were relatively minor but consistent throughout the years.

Overall, the data suggests a positive expansion in the company's current asset base, which could be indicative of improved operational scale, increased inventory or receivables management, or accumulation of cash and equivalents. The parallel progression in both reported and adjusted figures supports the reliability of the data and indicates stable methodological adjustments.

The analysis of the financial data reveals a consistent upward trend in both total assets and adjusted total assets over the six-year period from March 31, 2018, to March 31, 2023.

Total Assets

Total assets increased from approximately $1.26 billion in 2018 to about $2.56 billion in 2023. This represents a growth of over 100% across the period, indicating a strong expansion in the company's asset base. The most notable annual increase occurred between 2019 and 2021, with total assets rising from $1.43 billion to $2.17 billion, showcasing accelerated growth during these years. Growth persisted through 2022 and 2023, albeit at a relatively moderated pace compared to the previous period.

Adjusted Total Assets

The adjusted total assets show a similar increasing pattern, starting from approximately $1.51 billion in 2018 and reaching around $2.49 billion in 2023. The adjusted assets exhibit slightly lower year-on-year growth rates compared to total assets, particularly between 2019 and 2020, where the increase was more modest. Nonetheless, from 2020 onward, adjusted total assets experienced substantial growth, closely paralleling the trend observed in total assets, with a notable rise from $1.74 billion in 2020 to over $2.49 billion in 2023.

Overall, the financial data indicate strong asset growth and suggest ongoing investment or acquisition activities that have expanded the asset base. The consistent increase in both total and adjusted total assets underscores a positive trend in asset accumulation, which may support future revenue generation or operational capacity enhancement.

Total liabilities

The total liabilities exhibited an overall increasing trend from March 31, 2018, through March 31, 2022. Beginning at $323.6 million in 2018, liabilities grew significantly to $382.1 million in 2019, followed by a sharper increase to $625.0 million in 2020. The upward trajectory continued with liabilities reaching $723.5 million in 2021 and peaking at $793.4 million in 2022. However, in the most recent period ending March 31, 2023, total liabilities slightly decreased to $790.5 million, indicating a marginal reduction or stabilization after several years of growth.

Adjusted total liabilities

Adjusted total liabilities also demonstrated an increasing pattern from 2018 to 2022, albeit starting from a notably higher base than total liabilities. Beginning at $600.1 million in 2018, these liabilities rose steadily to $624.3 million in 2019 and remained constant at $625.0 million in 2020. This trend continued upward to $723.5 million in 2021 and $777.6 million in 2022. In the latest fiscal year ending in 2023, adjusted total liabilities showed a very slight decline to $777.0 million, aligning with the modest decrease observed in total liabilities for the same period.

The analysis of the provided financial data reveals a consistent and progressive increase in the equity base of the company over the examined period from March 31, 2018, to March 31, 2023.

Stockholders’ Equity

Stockholders’ equity demonstrated a positive growth trend throughout the years. Beginning at approximately US$940.8 million in 2018, it rose steadily each year, reaching about US$1.77 billion by 2023. This represents an overall increase of approximately 87.7% over the six-year span, indicating a strengthening financial foundation and potentially reflecting accumulation of retained earnings, capital infusions, or valuation adjustments.

Adjusted Stockholders’ Equity

The adjusted stockholders’ equity, which may account for certain reserves or adjustments not reflected in the raw equity figure, follows a very similar upward trajectory. Starting from roughly US$905.9 million in 2018, it progressed steadily to nearly US$1.72 billion in 2023. The increase over this period is about 89.6%, slightly higher in percentage terms compared to the unadjusted figure. The close movement between adjusted and unadjusted equity suggests that adjustments have consistent proportional effects year over year without significant volatility.

Overall, the upward trend in both stockholders’ equity and its adjusted counterpart suggests continuous growth in the company’s net worth and financial stability. The relatively steady rate of increase points towards effective management of equity-related factors, likely supported by operational profitability and capital management strategies. There are no signs of decline or stagnation, which underscores a positive long-term equity development profile.

Total Reported Debt

The total reported debt showed a slight decline from 32,082 thousand US dollars in 2018 to 30,901 thousand US dollars in 2020. Data for the years 2021 to 2023 is not available, indicating potential discontinuation or reclassification of this item in the reports.

Stockholders’ Equity

Stockholders’ equity increased consistently across the period from 940,779 thousand US dollars in 2018 to 1,765,733 thousand US dollars in 2023. The largest annual growth rates occurred between 2019 and 2021, suggesting a significant strengthening of equity during these years.

Total Reported Capital

The total reported capital followed a trend similar to stockholders’ equity, increasing steadily from 972,861 thousand US dollars in 2018 to 1,765,733 thousand US dollars in 2023. The figures from 2021 onward are identical to stockholders’ equity, indicating total reported capital may be comprised solely of equity in more recent years or that debt is not included in this figure.

Adjusted Total Debt

Adjusted total debt decreased from 308,568 thousand US dollars in 2018 to 273,697 thousand US dollars in 2019, then increased to 295,716 thousand US dollars in 2020. From 2020 onwards, it declined significantly to 223,042 thousand US dollars in 2021 and remained relatively stable around 222,070 thousand US dollars in 2022 before rising again to 246,488 thousand US dollars in 2023. This pattern indicates fluctuation in debt management with an overall decreasing trend until 2022 and a slight uptick in the last recorded year.

Adjusted Stockholders’ Equity

Adjusted stockholders’ equity showed steady growth throughout the period, rising from 905,885 thousand US dollars in 2018 to 1,717,165 thousand US dollars in 2023. This consistent increase reflects ongoing strengthening of the adjusted equity base.

Adjusted Total Capital

Adjusted total capital increased steadily from 1,214,453 thousand US dollars in 2018 to 1,963,653 thousand US dollars in 2023. The growth trend suggests an overall enhancement in the company’s capital structure, driven by the increases in both adjusted equity and fluctuating but generally managed adjusted debt levels.

The financial data over the six-year period reveals a consistent upward trend in both net sales and adjusted net sales for the company. Net sales increased steadily from approximately 1.90 billion in the fiscal year ending March 31, 2018, to nearly 3.63 billion by March 31, 2023. This represents a significant growth trajectory, with the most notable increases occurring between the fiscal years ending in 2020 and 2021, and again between 2021 and 2022.

Adjusted net sales, which closely mirror the net sales figures, show a very similar pattern of growth. The adjusted net sales start at approximately 1.90 billion in 2018 and rise to about 3.62 billion in 2023. The slight discrepancy between net sales and adjusted net sales begins in the fiscal year 2022, where adjusted net sales are marginally higher than net sales by around 10 million, or roughly 0.3%, indicating a minor adjustment in sales figures from this point onward.

The data indicates robust revenue growth with no observable declines or contractions in sales throughout the period. The upward momentum suggests successful market expansion or product performance improvements. The correlation between net sales and adjusted net sales confirms that the reported revenues are consistent with the company's adjusted financial measures, providing reliability to the reported figures.

The financial data over the six-year period reveal a clear and consistent upward trajectory in both net income and adjusted net income. Starting from March 31, 2018, the net income was recorded at approximately $114.4 million, and it showed a substantial increase by March 31, 2019, nearly doubling to $264.3 million. This marked growth represents a strong improvement in profitability within a single year.

From 2019 onwards, net income continued to increase each year, although the rate of growth moderated somewhat, progressing to $276.1 million in 2020, $382.6 million in 2021, $451.9 million in 2022, and reaching $516.8 million by March 31, 2023. This trend indicates sustained financial strength and effective operational performance over the period.

Adjusted net income figures follow a similar pattern, with values starting at $133.5 million in 2018 and increasing to $263.2 million in 2019. Subsequent years saw adjusted net income moving upward to $278.1 million in 2020, $386.0 million in 2021, $425.6 million in 2022, and $492.2 million in 2023. The adjusted net income notably remains consistently higher than net income each year, suggesting adjustments account for non-recurring or non-operational items that had a positive impact on the adjusted profitability measure.

The consistent increase in both net income and adjusted net income over the six years reflects the company's ability to grow earnings steadily. The growth trajectory supports the conclusion that operational efficiency, revenue growth, or cost management strategies were effectively executed during the period under review. The narrowing gap between net income and adjusted net income in some years implies relatively stable adjustments and potentially fewer extraordinary impacts in the later years, enhancing comparability of underlying performance.