Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Deckers Outdoor Corp., profitability 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).
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Deckers Outdoor Corp. gross profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Deckers Outdoor Corp. operating profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Deckers Outdoor Corp. net profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Deckers Outdoor Corp. ROE improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Deckers Outdoor Corp. ROA improved from 2021 to 2022 and from 2022 to 2023. |
Gross Profit Margin
Deckers Outdoor Corp., gross profit margin 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) | |||||||
| Gross profit | 1,825,370) | 1,607,551) | 1,374,090) | 1,103,673) | 1,040,250) | 931,642) | |
| Net sales | 3,627,286) | 3,150,339) | 2,545,641) | 2,132,689) | 2,020,437) | 1,903,339) | |
| Profitability Ratio | |||||||
| Gross profit margin1 | 50.32% | 51.03% | 53.98% | 51.75% | 51.49% | 48.95% | |
| Benchmarks | |||||||
| Gross Profit Margin, Competitors2 | |||||||
| lululemon athletica inc. | 55.39% | 57.68% | 55.98% | 55.87% | 55.23% | — | |
| Nike Inc. | 43.52% | 45.98% | 44.82% | 43.42% | 44.67% | 43.84% | |
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
Gross profit margin = 100 × Gross profit ÷ Net sales
= 100 × 1,825,370 ÷ 3,627,286 = 50.32%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Deckers Outdoor Corp. gross profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Operating Profit Margin
Deckers Outdoor Corp., operating profit margin 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) | |||||||
| Income from operations | 652,751) | 564,707) | 504,205) | 338,135) | 327,320) | 222,584) | |
| Net sales | 3,627,286) | 3,150,339) | 2,545,641) | 2,132,689) | 2,020,437) | 1,903,339) | |
| Profitability Ratio | |||||||
| Operating profit margin1 | 18.00% | 17.93% | 19.81% | 15.85% | 16.20% | 11.69% | |
| Benchmarks | |||||||
| Operating Profit Margin, Competitors2 | |||||||
| lululemon athletica inc. | 16.38% | 21.31% | 18.63% | 22.34% | 21.46% | — | |
| Nike Inc. | 11.55% | 14.29% | 15.58% | 8.33% | 12.20% | 12.21% | |
| Operating Profit Margin, Sector | |||||||
| Consumer Durables & Apparel | 12.21% | 15.12% | 15.85% | 9.68% | 12.92% | — | |
| Operating Profit Margin, Industry | |||||||
| Consumer Discretionary | 9.12% | 8.07% | 8.16% | 5.53% | 7.81% | — | |
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
Operating profit margin = 100 × Income from operations ÷ Net sales
= 100 × 652,751 ÷ 3,627,286 = 18.00%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Deckers Outdoor Corp. operating profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Net Profit Margin
Deckers Outdoor Corp., net profit margin 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 income | 516,822) | 451,949) | 382,575) | 276,142) | 264,308) | 114,394) | |
| Net sales | 3,627,286) | 3,150,339) | 2,545,641) | 2,132,689) | 2,020,437) | 1,903,339) | |
| Profitability Ratio | |||||||
| Net profit margin1 | 14.25% | 14.35% | 15.03% | 12.95% | 13.08% | 6.01% | |
| Benchmarks | |||||||
| Net Profit Margin, Competitors2 | |||||||
| lululemon athletica inc. | 10.54% | 15.59% | 13.38% | 16.22% | 14.71% | — | |
| Nike Inc. | 9.90% | 12.94% | 12.86% | 6.79% | 10.30% | 5.31% | |
| Net Profit Margin, Sector | |||||||
| Consumer Durables & Apparel | 9.99% | 13.26% | 12.91% | 7.70% | 10.64% | — | |
| Net Profit Margin, Industry | |||||||
| Consumer Discretionary | 7.80% | 4.64% | 8.35% | 4.16% | 6.11% | — | |
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 profit margin = 100 × Net income ÷ Net sales
= 100 × 516,822 ÷ 3,627,286 = 14.25%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Deckers Outdoor Corp. net profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Return on Equity (ROE)
Deckers Outdoor Corp., ROE 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 income | 516,822) | 451,949) | 382,575) | 276,142) | 264,308) | 114,394) | |
| Stockholders’ equity | 1,765,733) | 1,538,825) | 1,444,225) | 1,140,120) | 1,045,130) | 940,779) | |
| Profitability Ratio | |||||||
| ROE1 | 29.27% | 29.37% | 26.49% | 24.22% | 25.29% | 12.16% | |
| Benchmarks | |||||||
| ROE, Competitors2 | |||||||
| lululemon athletica inc. | 27.15% | 35.60% | 23.02% | 33.07% | 33.46% | — | |
| Nike Inc. | 36.20% | 39.57% | 44.86% | 31.52% | 44.57% | 19.70% | |
| ROE, Sector | |||||||
| Consumer Durables & Apparel | 34.54% | 38.96% | 41.21% | 31.82% | 43.04% | — | |
| ROE, Industry | |||||||
| Consumer Discretionary | 30.04% | 19.29% | 30.07% | 18.30% | 31.39% | — | |
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
ROE = 100 × Net income ÷ Stockholders’ equity
= 100 × 516,822 ÷ 1,765,733 = 29.27%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Deckers Outdoor Corp. ROE improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Return on Assets (ROA)
Deckers Outdoor Corp., ROA 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 income | 516,822) | 451,949) | 382,575) | 276,142) | 264,308) | 114,394) | |
| Total assets | 2,556,203) | 2,332,250) | 2,167,705) | 1,765,118) | 1,427,206) | 1,264,379) | |
| Profitability Ratio | |||||||
| ROA1 | 20.22% | 19.38% | 17.65% | 15.64% | 18.52% | 9.05% | |
| Benchmarks | |||||||
| ROA, Competitors2 | |||||||
| lululemon athletica inc. | 15.25% | 19.73% | 14.07% | 19.67% | 23.21% | — | |
| Nike Inc. | 13.51% | 14.99% | 15.17% | 8.10% | 16.99% | 8.58% | |
| ROA, Sector | |||||||
| Consumer Durables & Apparel | 13.73% | 15.51% | 15.06% | 9.20% | 17.49% | — | |
| ROA, Industry | |||||||
| Consumer Discretionary | 7.41% | 4.34% | 7.05% | 3.37% | 5.62% | — | |
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
ROA = 100 × Net income ÷ Total assets
= 100 × 516,822 ÷ 2,556,203 = 20.22%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Deckers Outdoor Corp. ROA improved from 2021 to 2022 and from 2022 to 2023. |