Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Deckers Outdoor Corp., long-term (investment) activity ratios
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).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Deckers Outdoor Corp. net fixed asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Deckers Outdoor Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Deckers Outdoor Corp. total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Deckers Outdoor Corp. equity turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Net Fixed Asset Turnover
Deckers Outdoor Corp., net fixed asset turnover calculation, comparison to benchmarks
| Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | Mar 31, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 3,627,286) | 3,150,339) | 2,545,641) | 2,132,689) | 2,020,437) | 1,903,339) | |
| Property and equipment, net of accumulated depreciation | 266,679) | 222,449) | 206,210) | 209,037) | 213,796) | 220,162) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 13.60 | 14.16 | 12.34 | 10.20 | 9.45 | 8.65 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| lululemon athletica inc. | 6.39 | 6.74 | 5.90 | 5.92 | 5.80 | — | |
| Nike Inc. | 10.08 | 9.75 | 9.08 | 7.69 | 8.25 | 8.17 | |
| Net Fixed Asset Turnover, Sector | |||||||
| Consumer Durables & Apparel | 9.34 | 9.26 | 8.66 | 7.47 | 7.98 | — | |
| Net Fixed Asset Turnover, Industry | |||||||
| Consumer Discretionary | 3.24 | 3.18 | 2.98 | 2.99 | 3.28 | — | |
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).
1 2023 Calculation
Net fixed asset turnover = Net sales ÷ Property and equipment, net of accumulated depreciation
= 3,627,286 ÷ 266,679 = 13.60
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Deckers Outdoor Corp. net fixed asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Deckers Outdoor Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | Mar 31, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 3,627,286) | 3,150,339) | 2,545,641) | 2,132,689) | 2,020,437) | 1,903,339) | |
| Property and equipment, net of accumulated depreciation | 266,679) | 222,449) | 206,210) | 209,037) | 213,796) | 220,162) | |
| Operating lease assets | 213,302) | 182,459) | 186,991) | 243,522) | —) | —) | |
| Property and equipment, net of accumulated depreciation (including operating lease, right-of-use asset) | 479,981) | 404,908) | 393,201) | 452,559) | 213,796) | 220,162) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 7.56 | 7.78 | 6.47 | 4.71 | 9.45 | 8.65 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||
| lululemon athletica inc. | 3.62 | 3.61 | 2.97 | 2.92 | 5.80 | — | |
| Nike Inc. | 6.40 | 6.05 | 5.56 | 4.70 | 8.25 | 8.17 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||||
| Consumer Durables & Apparel | 5.79 | 5.61 | 5.15 | 4.44 | 7.98 | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||||
| Consumer Discretionary | 2.53 | 2.48 | 2.32 | 2.34 | 2.83 | — | |
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).
1 2023 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net sales ÷ Property and equipment, net of accumulated depreciation (including operating lease, right-of-use asset)
= 3,627,286 ÷ 479,981 = 7.56
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Deckers Outdoor Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Total Asset Turnover
Deckers Outdoor Corp., total asset turnover calculation, comparison to benchmarks
| Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | Mar 31, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 3,627,286) | 3,150,339) | 2,545,641) | 2,132,689) | 2,020,437) | 1,903,339) | |
| Total assets | 2,556,203) | 2,332,250) | 2,167,705) | 1,765,118) | 1,427,206) | 1,264,379) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 1.42 | 1.35 | 1.17 | 1.21 | 1.42 | 1.51 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| lululemon athletica inc. | 1.45 | 1.27 | 1.05 | 1.21 | 1.58 | — | |
| Nike Inc. | 1.36 | 1.16 | 1.18 | 1.19 | 1.65 | 1.62 | |
| Total Asset Turnover, Sector | |||||||
| Consumer Durables & Apparel | 1.38 | 1.17 | 1.17 | 1.20 | 1.64 | — | |
| Total Asset Turnover, Industry | |||||||
| Consumer Discretionary | 0.95 | 0.93 | 0.84 | 0.81 | 0.92 | — | |
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).
1 2023 Calculation
Total asset turnover = Net sales ÷ Total assets
= 3,627,286 ÷ 2,556,203 = 1.42
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Deckers Outdoor Corp. total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Equity Turnover
Deckers Outdoor Corp., equity turnover calculation, comparison to benchmarks
| Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | Mar 31, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 3,627,286) | 3,150,339) | 2,545,641) | 2,132,689) | 2,020,437) | 1,903,339) | |
| Stockholders’ equity | 1,765,733) | 1,538,825) | 1,444,225) | 1,140,120) | 1,045,130) | 940,779) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | 2.05 | 2.05 | 1.76 | 1.87 | 1.93 | 2.02 | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| lululemon athletica inc. | 2.58 | 2.28 | 1.72 | 2.04 | 2.27 | — | |
| Nike Inc. | 3.66 | 3.06 | 3.49 | 4.64 | 4.33 | 3.71 | |
| Equity Turnover, Sector | |||||||
| Consumer Durables & Apparel | 3.46 | 2.94 | 3.19 | 4.14 | 4.04 | — | |
| Equity Turnover, Industry | |||||||
| Consumer Discretionary | 3.85 | 4.15 | 3.60 | 4.40 | 5.13 | — | |
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).
1 2023 Calculation
Equity turnover = Net sales ÷ Stockholders’ equity
= 3,627,286 ÷ 1,765,733 = 2.05
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Deckers Outdoor Corp. equity turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |