Return on Assets (ROA)
since 2005
Calculation
Deckers Outdoor Corp., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss)1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2023 | 20.22% | = | 100 | × | 516,822) | ÷ | 2,556,203) |
| Mar 31, 2022 | 19.38% | = | 100 | × | 451,949) | ÷ | 2,332,250) |
| Mar 31, 2021 | 17.65% | = | 100 | × | 382,575) | ÷ | 2,167,705) |
| Mar 31, 2020 | 15.64% | = | 100 | × | 276,142) | ÷ | 1,765,118) |
| Mar 31, 2019 | 18.52% | = | 100 | × | 264,308) | ÷ | 1,427,206) |
| Mar 31, 2018 | 9.05% | = | 100 | × | 114,394) | ÷ | 1,264,379) |
| Mar 31, 2017 | 0.48% | = | 100 | × | 5,710) | ÷ | 1,191,780) |
| Mar 31, 2016 | 9.57% | = | 100 | × | 122,265) | ÷ | 1,278,068) |
| Mar 31, 2015 | 13.83% | = | 100 | × | 161,780) | ÷ | 1,169,933) |
| Dec 31, 2014 | -0.25% | = | 100 | × | (2,685) | ÷ | 1,064,204) |
| Dec 31, 2013 | 11.57% | = | 100 | × | 145,689) | ÷ | 1,259,729) |
| Dec 31, 2012 | 12.08% | = | 100 | × | 129,014) | ÷ | 1,068,064) |
| Dec 31, 2011 | 17.37% | = | 100 | × | 199,052) | ÷ | 1,146,196) |
| Dec 31, 2010 | 19.56% | = | 100 | × | 158,235) | ÷ | 808,994) |
| Dec 31, 2009 | 19.50% | = | 100 | × | 116,786) | ÷ | 599,043) |
| Dec 31, 2008 | 15.29% | = | 100 | × | 73,948) | ÷ | 483,721) |
| Dec 31, 2007 | 17.95% | = | 100 | × | 66,437) | ÷ | 370,032) |
| Dec 31, 2006 | 12.24% | = | 100 | × | 30,609) | ÷ | 249,973) |
| Dec 31, 2005 | 15.19% | = | 100 | × | 31,845) | ÷ | 209,626) |
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), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The financial performance over the observed period is characterized by a significant expansion of the asset base and a volatile but ultimately improving Return on Assets (ROA). Total assets grew consistently from $209.6 million in 2005 to $2.56 billion by March 31, 2023, indicating a sustained increase in the scale of operations.
- Asset Efficiency and ROA Trends
- Between 2005 and 2011, ROA remained relatively strong, peaking at 19.56% in 2010. This reflects a high level of efficiency in utilizing assets to generate profit during the early portion of the analyzed period.
- Period of Volatility and Contraction
- A period of instability occurred between 2012 and 2017. ROA experienced a sharp decline, reaching a negative value of -0.25% in 2014, which coincided with a net loss of $2.69 million. A subsequent low was recorded in 2017, where ROA dropped to 0.48% despite a modest net income of $5.71 million, suggesting a temporary misalignment between asset accumulation and profitability.
- Recovery and Accelerated Growth
- Beginning in 2018, a robust recovery trend is evident. Net income rose sharply from $114.4 million in 2018 to $516.8 million in 2023. During this interval, ROA climbed steadily, surpassing previous peaks to reach 20.22% by March 31, 2023. This trajectory indicates that earnings growth effectively outpaced the expansion of the asset base.
The long-term trajectory demonstrates a transition from a smaller-scale operation to a large-scale enterprise that has successfully regained and enhanced its asset utilization efficiency, ending the period at its highest recorded ROA.
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Comparison to Competitors
Deckers Outdoor Corp., ROA, long-term trends, comparison to competitors
| Deckers Outdoor Corp. | lululemon athletica inc. | Nike Inc. | |
|---|---|---|---|
| Mar 31, 2023 | 20.22% | 15.25% | 13.51% |
| Mar 31, 2022 | 19.38% | 19.73% | 14.99% |
| Mar 31, 2021 | 17.65% | 14.07% | 15.17% |
| Mar 31, 2020 | 15.64% | 19.67% | 8.10% |
| Mar 31, 2019 | 18.52% | 23.21% | 16.99% |
| Mar 31, 2018 | 9.05% | 12.94% | 8.58% |
| Mar 31, 2017 | 0.48% | 18.30% | 18.23% |
| Mar 31, 2016 | 9.57% | 20.25% | 17.57% |
| Mar 31, 2015 | 13.83% | 18.44% | 15.15% |
| Dec 31, 2014 | -0.25% | 22.37% | 14.48% |
| Dec 31, 2013 | 11.57% | 25.74% | 14.13% |
| Dec 31, 2012 | 12.08% | 25.06% | 14.37% |
| Dec 31, 2011 | 17.37% | 24.40% | 14.22% |
| Dec 31, 2010 | 19.56% | 18.97% | 13.22% |
| Dec 31, 2009 | 19.50% | 18.60% | 11.22% |
| Dec 31, 2008 | 15.29% | 19.89% | 15.14% |
| Dec 31, 2007 | 17.95% | — | 13.95% |
| Dec 31, 2006 | 12.24% | — | 14.10% |
| Dec 31, 2005 | 15.19% | — | 13.78% |
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), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Consumer Durables & Apparel)
Deckers Outdoor Corp., ROA, long-term trends, comparison to sector (consumer durables & apparel)
| Deckers Outdoor Corp. | Consumer Durables & Apparel | |
|---|---|---|
| Mar 31, 2023 | 20.22% | 13.73% |
| Mar 31, 2022 | 19.38% | 15.51% |
| Mar 31, 2021 | 17.65% | 15.06% |
| Mar 31, 2020 | 15.64% | 9.20% |
| Mar 31, 2019 | 18.52% | 17.49% |
| Mar 31, 2018 | 9.05% | 8.93% |
| Mar 31, 2017 | 0.48% | 18.23% |
| Mar 31, 2016 | 9.57% | 17.73% |
| Mar 31, 2015 | 13.83% | 15.34% |
| Dec 31, 2014 | -0.25% | 14.98% |
| Dec 31, 2013 | 11.57% | 14.79% |
| Dec 31, 2012 | 12.08% | 14.86% |
| Dec 31, 2011 | 17.37% | 14.55% |
| Dec 31, 2010 | 19.56% | 13.34% |
| Dec 31, 2009 | 19.50% | 11.34% |
| Dec 31, 2008 | 15.29% | 15.20% |
| Dec 31, 2007 | 17.95% | 13.95% |
| Dec 31, 2006 | 12.24% | 14.10% |
| Dec 31, 2005 | 15.19% | 13.78% |
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), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Discretionary)
Deckers Outdoor Corp., ROA, long-term trends, comparison to industry (consumer discretionary)
| Deckers Outdoor Corp. | Consumer Discretionary | |
|---|---|---|
| Mar 31, 2023 | 20.22% | 7.57% |
| Mar 31, 2022 | 19.38% | 4.81% |
| Mar 31, 2021 | 17.65% | 7.99% |
| Mar 31, 2020 | 15.64% | 4.36% |
| Mar 31, 2019 | 18.52% | 5.57% |
| Mar 31, 2018 | 9.05% | 5.96% |
| Mar 31, 2017 | 0.48% | 4.05% |
| Mar 31, 2016 | 9.57% | 5.57% |
| Mar 31, 2015 | 13.83% | 6.25% |
| Dec 31, 2014 | -0.25% | 4.75% |
| Dec 31, 2013 | 11.57% | 5.52% |
| Dec 31, 2012 | 12.08% | 5.65% |
| Dec 31, 2011 | 17.37% | 9.48% |
| Dec 31, 2010 | 19.56% | 6.05% |
| Dec 31, 2009 | 19.50% | 4.67% |
| Dec 31, 2008 | 15.29% | 0.21% |
| Dec 31, 2007 | 17.95% | 2.85% |
| Dec 31, 2006 | 12.24% | 0.60% |
| Dec 31, 2005 | 15.19% | 3.80% |
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), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).