Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Deckers Outdoor Corp., profitability ratios (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).
- Gross Profit Margin
- The gross profit margin exhibited a consistent upward trend from mid-2018, starting at approximately 49.17%, and peaking at around 53.98% in early 2021. This indicates an improving ability to generate revenue above cost of goods sold. Thereafter, the margin saw a gradual decline reaching the low 49% range by late 2022. However, it rebounded significantly towards the end of 2023, closing above 54%, which suggests enhanced operational efficiencies or pricing strategies were implemented.
- Operating Profit Margin
- Operating profit margin showed steady growth from about 12.31% in mid-2018 to just over 20% in early 2021, reflecting improved control over operating expenses relative to revenue. Minor declines occurred during 2021 and 2022, dropping to roughly 16.37%, but by the end of 2023, the margin rose markedly to nearly 21.58%, indicating stronger operational performance and cost management in the most recent periods.
- Net Profit Margin
- The net profit margin followed a comparable trajectory, increasing from a modest 6.49% in mid-2018 to a peak above 15.8% in early 2021. A downturn followed with margins slipping to around 13.13% in late 2022, though a subsequent recovery was observed, culminating at 17.57% by the end of 2023. This trend suggests fluctuations in overall profitability impacted by factors such as tax, interest expenses, or extraordinary items, while maintaining an overall upward direction.
- Return on Equity (ROE)
- ROE displayed a notably strong upward momentum, rising from approximately 14% in mid-2018 to over 30% during multiple quarters in 2019 and early 2021, reflecting increasing shareholder value generation. After some volatility, it remained relatively high through 2022 before ascending sharply in 2023 to reach a peak exceeding 34%, indicating robust profit generation relative to equity and effective capital utilization.
- Return on Assets (ROA)
- ROA showed improvement from 9.09% in mid-2018 to around 19-20% in early 2021, signifying more efficient asset utilization to generate earnings. Variations occurred within 2022, with the ratio fluctuating between 16% and 18%, followed by a notable increase throughout 2023, surpassing 21.6%. This reflects enhanced operational efficiency and asset productivity in recent periods.
Return on Sales
Return on Investment
Gross Profit Margin
Deckers Outdoor Corp., gross profit margin calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Gross profit | 916,569) | 583,019) | 346,424) | 396,168) | 712,529) | 421,921) | 294,752) | 358,739) | 621,221) | 367,088) | 260,503) | 298,650) | 613,897) | 318,977) | 142,566) | 192,998) | 507,632) | 273,024) | 130,019) | 203,305) | 470,093) | 251,887) | 114,965) | |||||||
| Net sales | 1,560,307) | 1,091,907) | 675,791) | 791,571) | 1,345,640) | 875,614) | 614,461) | 736,007) | 1,187,752) | 721,902) | 504,678) | 561,188) | 1,077,759) | 623,525) | 283,169) | 374,910) | 938,735) | 542,205) | 276,839) | 394,130) | 873,800) | 501,913) | 250,594) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||
| Gross profit margin1 | 54.43% | 52.19% | 50.89% | 50.32% | 50.06% | 49.70% | 50.36% | 51.03% | 52.01% | 53.75% | 53.92% | 53.98% | 53.76% | 52.34% | 52.18% | 51.75% | 51.77% | 51.58% | 51.56% | 51.49% | 50.78% | 50.05% | 49.17% | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||||||||
| lululemon athletica inc. | 56.97% | 56.75% | 56.16% | 55.39% | 56.25% | 56.53% | 56.88% | 57.68% | 57.80% | 57.62% | 56.87% | 55.98% | 55.58% | 55.31% | 55.50% | — | — | — | — | — | — | — | — | |||||||
| Nike Inc. | 44.30% | 43.96% | 43.52% | 43.52% | 43.85% | 44.59% | 45.38% | 45.98% | 46.20% | 45.96% | 45.28% | 44.82% | 43.26% | 42.91% | 43.15% | — | — | — | — | — | — | — | — | |||||||
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).
1 Q3 2024 Calculation
Gross profit margin = 100
× (Gross profitQ3 2024
+ Gross profitQ2 2024
+ Gross profitQ1 2024
+ Gross profitQ4 2023)
÷ (Net salesQ3 2024
+ Net salesQ2 2024
+ Net salesQ1 2024
+ Net salesQ4 2023)
= 100 × (916,569 + 583,019 + 346,424 + 396,168)
÷ (1,560,307 + 1,091,907 + 675,791 + 791,571)
= 54.43%
2 Click competitor name to see calculations.
The financial data exhibits notable trends in both gross profit and net sales over the observed periods. Gross profit and net sales show a general pattern of quarterly variability consistent with typical seasonal fluctuations, with peaks often occurring in the fourth quarter each year.
- Gross Profit
- Gross profit figures present a recurring pattern of substantial increases in the fourth quarter, indicative of strong year-end sales performance. For example, values rise sharply in December across multiple years, notably reaching over 900 million US dollars by the end of 2023. Between these peaks, gross profit tends to decrease in the first quarters, followed by moderate recovery in subsequent quarters.
- Net Sales
- Net sales mirror the gross profit trend closely, with marked increases in the fourth quarter each year. There is a clear growth trajectory over the entire period, with net sales rising from approximately 250 million US dollars in mid-2018 to over 1.5 billion US dollars by the end of 2023. This consistent increase reflects overall expansion in revenue generation capacity.
- Gross Profit Margin
- The gross profit margin maintains a relatively stable range, generally between 49% and 54%, suggesting consistent profitability relative to sales. Slight improvements in margin percentages are observable in recent years, with margins surpassing 54% at the end of 2023. Despite seasonal sales swings, the margin exhibits resilience, indicating effective cost management and pricing strategies over time.
Overall, the data indicates sustained growth in both sales and gross profit, alongside stable and slightly improving profitability margins. Seasonal variability is evident but does not disrupt the long-term upward trend. The company's financial performance appears robust, with increasing operational scale and maintained profitability.
Operating Profit Margin
Deckers Outdoor Corp., operating profit margin calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Income (loss) from operations | 487,899) | 224,617) | 70,736) | 105,919) | 362,660) | 127,831) | 56,341) | 81,298) | 293,396) | 128,181) | 61,832) | 54,645) | 328,655) | 128,604) | (7,699) | 16,655) | 255,766) | 97,131) | (31,417) | 31,604) | 244,718) | 90,412) | (39,414) | |||||||
| Net sales | 1,560,307) | 1,091,907) | 675,791) | 791,571) | 1,345,640) | 875,614) | 614,461) | 736,007) | 1,187,752) | 721,902) | 504,678) | 561,188) | 1,077,759) | 623,525) | 283,169) | 374,910) | 938,735) | 542,205) | 276,839) | 394,130) | 873,800) | 501,913) | 250,594) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||
| Operating profit margin1 | 21.58% | 19.56% | 18.09% | 18.00% | 17.59% | 16.37% | 17.15% | 17.93% | 18.08% | 20.01% | 20.73% | 19.81% | 19.76% | 17.71% | 16.92% | 15.85% | 16.41% | 16.39% | 16.38% | 16.20% | 15.49% | 13.37% | 12.31% | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||||||
| lululemon athletica inc. | 16.69% | 17.51% | 17.29% | 16.38% | 21.49% | 21.38% | 21.07% | 21.31% | 20.50% | 20.78% | 19.71% | 18.63% | 19.13% | 19.37% | 20.60% | — | — | — | — | — | — | — | — | |||||||
| Nike Inc. | 11.61% | 11.76% | 11.32% | 11.55% | 12.17% | 12.99% | 13.25% | 14.29% | 15.21% | 15.48% | 15.79% | 15.58% | 10.87% | 9.67% | 8.94% | — | — | — | — | — | — | — | — | |||||||
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).
1 Q3 2024 Calculation
Operating profit margin = 100
× (Income (loss) from operationsQ3 2024
+ Income (loss) from operationsQ2 2024
+ Income (loss) from operationsQ1 2024
+ Income (loss) from operationsQ4 2023)
÷ (Net salesQ3 2024
+ Net salesQ2 2024
+ Net salesQ1 2024
+ Net salesQ4 2023)
= 100 × (487,899 + 224,617 + 70,736 + 105,919)
÷ (1,560,307 + 1,091,907 + 675,791 + 791,571)
= 21.58%
2 Click competitor name to see calculations.
The financial data over multiple quarters reveals several noteworthy trends in the operational performance and sales metrics.
- Income (loss) from operations
- The company exhibited significant variability in operating income, with several quarters experiencing losses, notably around mid-2018 and mid-2019. From late 2018 onwards, the income from operations generally shows a recovery and upward trend, peaking in certain quarters such as late 2020 and the end of 2022. The data from 2023 indicates substantial growth in operating income, reaching historically high levels by the final quarter, indicating improved operational efficiency or revenue generation.
- Net sales
- Net sales demonstrate a clear upward trajectory across the periods analyzed. Despite some seasonal fluctuations, each successive year tends to show higher sales figures compared to the previous. There is a strong increase in sales volume beginning in late 2020, continuing into 2023, where the company achieves its highest recorded quarterly sales. This suggests successful market expansion, product acceptance, increased demand, or enhanced sales strategies.
- Operating profit margin (%)
- The operating profit margin shows a consistent improvement over the periods. Starting from a margin slightly above 12% in mid-2018, there is a steady increase, with some minor fluctuations, reaching over 21% by the end of 2023. This trend signifies more effective cost control relative to sales, increased pricing power, or a shift toward more profitable product lines or segments. The margin growth also correlates with rising net sales and operating income, underscoring enhanced profitability.
Overall, the financial performance trends suggest the company has strengthened its operational effectiveness and scaled its revenue base significantly over the covered quarters. The rising operating profit margin alongside increasing net sales and improving operating income points to a robust and improving financial health trajectory.
Net Profit Margin
Deckers Outdoor Corp., net profit margin calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Net income (loss) | 389,919) | 178,547) | 63,552) | 91,787) | 278,662) | 101,524) | 44,849) | 68,819) | 232,943) | 102,063) | 48,124) | 33,458) | 255,536) | 101,554) | (7,973) | 16,090) | 201,593) | 77,810) | (19,351) | 23,969) | 196,374) | 74,372) | (30,407) | |||||||
| Net sales | 1,560,307) | 1,091,907) | 675,791) | 791,571) | 1,345,640) | 875,614) | 614,461) | 736,007) | 1,187,752) | 721,902) | 504,678) | 561,188) | 1,077,759) | 623,525) | 283,169) | 374,910) | 938,735) | 542,205) | 276,839) | 394,130) | 873,800) | 501,913) | 250,594) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||
| Net profit margin1 | 17.57% | 15.69% | 14.52% | 14.25% | 13.83% | 13.13% | 13.76% | 14.35% | 14.00% | 15.33% | 15.85% | 15.03% | 15.48% | 14.02% | 13.44% | 12.95% | 13.20% | 13.36% | 13.45% | 13.08% | 12.87% | 7.69% | 6.49% | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||||||
| lululemon athletica inc. | 10.89% | 11.40% | 11.24% | 10.54% | 15.66% | 15.60% | 15.36% | 15.59% | 14.87% | 14.96% | 14.17% | 13.38% | 13.69% | 13.94% | 15.01% | — | — | — | — | — | — | — | — | |||||||
| Nike Inc. | 10.14% | 10.28% | 9.82% | 9.90% | 10.82% | 11.47% | 11.96% | 12.94% | 13.06% | 13.32% | 13.17% | 12.86% | 8.90% | 7.39% | 7.20% | — | — | — | — | — | — | — | — | |||||||
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).
1 Q3 2024 Calculation
Net profit margin = 100
× (Net income (loss)Q3 2024
+ Net income (loss)Q2 2024
+ Net income (loss)Q1 2024
+ Net income (loss)Q4 2023)
÷ (Net salesQ3 2024
+ Net salesQ2 2024
+ Net salesQ1 2024
+ Net salesQ4 2023)
= 100 × (389,919 + 178,547 + 63,552 + 91,787)
÷ (1,560,307 + 1,091,907 + 675,791 + 791,571)
= 17.57%
2 Click competitor name to see calculations.
The financial data over the recent quarters reveal notable trends in the company's profitability and sales performance. There is a clear upward trajectory in net sales with some seasonal fluctuations, reflecting growth initiatives and possibly demand variability throughout different quarters.
- Net Income (Loss)
- The net income exhibits considerable volatility. Initial quarters include intermittent losses, but overall, a trend towards increasing profitability is evident, especially from late 2020 onwards. Significant profit spikes occur at several points, particularly in late 2020, late 2021, and ending 2023, suggesting effective cost management or revenue growth during these periods. However, some quarters show noticeable declines or losses, indicating periods of operational challenges or unusual expenses.
- Net Sales
- Net sales demonstrate consistent growth over the timeline, expanding from just over 250 million in mid-2018 to in excess of 1.5 billion by late 2023. This growth is marked by cyclic peaks and troughs within each year, aligning with typical retail and seasonal patterns. The substantial increase in sales volume indicates successful market expansion and possibly enhanced product penetration or pricing strategies.
- Net Profit Margin
- The net profit margin maintains a positive and generally increasing trend, beginning around 6.5% and climbing steadily toward nearly 18% by the end of the observed period. This improvement in margin underlines enhanced operational efficiency or improvement in cost structures relative to sales. Despite some minor declines in isolated quarters, the overall margin expansion signals robust profitability improvement relative to revenue growth.
In summary, the company demonstrates strong revenue growth accompanied by improving profitability margins. While net income shows some fluctuations, the overall trajectory is upward, supported by consistent gains in sales and expanding profit margins. The data suggests effective strategic execution and increasing financial health over the analyzed quarters.
Return on Equity (ROE)
Deckers Outdoor Corp., ROE calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Net income (loss) | 389,919) | 178,547) | 63,552) | 91,787) | 278,662) | 101,524) | 44,849) | 68,819) | 232,943) | 102,063) | 48,124) | 33,458) | 255,536) | 101,554) | (7,973) | 16,090) | 201,593) | 77,810) | (19,351) | 23,969) | 196,374) | 74,372) | (30,407) | |||||||
| Stockholders’ equity | 2,104,190) | 1,795,130) | 1,802,121) | 1,765,733) | 1,769,172) | 1,515,839) | 1,472,407) | 1,538,825) | 1,564,742) | 1,463,746) | 1,418,987) | 1,444,225) | 1,520,121) | 1,242,964) | 1,136,928) | 1,140,120) | 1,123,747) | 916,304) | 995,279) | 1,045,130) | 1,017,881) | 846,787) | 902,151) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||
| ROE1 | 34.40% | 34.12% | 29.72% | 29.27% | 27.91% | 29.56% | 30.47% | 29.37% | 26.62% | 30.00% | 30.91% | 26.49% | 24.02% | 25.04% | 25.29% | 24.22% | 25.27% | 30.43% | 27.67% | 25.29% | 25.64% | 17.82% | 13.98% | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||||||
| lululemon athletica inc. | 28.38% | 28.51% | 28.77% | 27.15% | 38.48% | 38.55% | 38.24% | 35.60% | 32.75% | 30.94% | 26.71% | 23.02% | 25.76% | 26.96% | 31.46% | — | — | — | — | — | — | — | — | |||||||
| Nike Inc. | 36.77% | 37.46% | 36.16% | 36.20% | 37.70% | 36.89% | 35.65% | 39.57% | 41.30% | 41.34% | 42.41% | 44.86% | 28.73% | 26.56% | 29.16% | — | — | — | — | — | — | — | — | |||||||
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).
1 Q3 2024 Calculation
ROE = 100
× (Net income (loss)Q3 2024
+ Net income (loss)Q2 2024
+ Net income (loss)Q1 2024
+ Net income (loss)Q4 2023)
÷ Stockholders’ equity
= 100 × (389,919 + 178,547 + 63,552 + 91,787)
÷ 2,104,190 = 34.40%
2 Click competitor name to see calculations.
The financial performance demonstrates notable fluctuations in net income over the analyzed periods. Initially, net income showed substantial volatility, with instances of loss and profit apparent throughout the quarters. For example, there were significant losses during mid-2018 and mid-2019, contrasted by periods of strong profitability at the end of 2018 and throughout late 2020 to 2023. Notably, net income reached its highest recorded levels in the final quarter of 2023, indicating robust earnings acceleration.
Stockholders’ equity exhibited an overall upward trend across the time horizon. Though some minor contractions were observed in certain quarters—most notably around mid-2019 and 2022—the equity base largely expanded from just over 900 million USD to more than 2.1 billion USD by the end of 2023. This growth signifies consistent retention of earnings and possibly additional equity financing, contributing to a strengthened capital structure over time.
Return on equity (ROE) maintained a generally strong position throughout, fluctuating mostly within the 24% to 34% range. Early periods showed moderate-to-high returns, with a peak in late 2018 and a slight dip in early 2020. From 2021 onward, ROE stabilized at higher levels, culminating in the highest marks by the end of 2023. This sustained high ROE reflects effective utilization of shareholders’ equity in generating profits despite interim fluctuations in net income.
- Net Income
- Highly variable with alternating losses and gains; marked improvement in later periods, culminating in record high profitability by the end of 2023.
- Stockholders’ Equity
- Generally increasing trend evidencing capital growth and financial strengthening; experienced minor decreases but recovered quickly thereafter.
- Return on Equity (ROE)
- Consistently strong returns ranging from mid-20% to mid-30%, demonstrating efficient equity use; peak returns occurred in the latter quarters of the dataset.
Return on Assets (ROA)
Deckers Outdoor Corp., ROA calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Net income (loss) | 389,919) | 178,547) | 63,552) | 91,787) | 278,662) | 101,524) | 44,849) | 68,819) | 232,943) | 102,063) | 48,124) | 33,458) | 255,536) | 101,554) | (7,973) | 16,090) | 201,593) | 77,810) | (19,351) | 23,969) | 196,374) | 74,372) | (30,407) | |||||||
| Total assets | 3,347,459) | 2,848,533) | 2,847,902) | 2,556,203) | 2,809,289) | 2,466,349) | 2,513,252) | 2,332,250) | 2,547,568) | 2,410,432) | 2,291,255) | 2,167,705) | 2,387,850) | 2,050,348) | 1,848,566) | 1,765,118) | 1,888,351) | 1,691,659) | 1,751,056) | 1,427,206) | 1,542,451) | 1,423,968) | 1,386,720) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||
| ROA1 | 21.62% | 21.50% | 18.80% | 20.22% | 17.58% | 18.17% | 17.85% | 19.38% | 16.35% | 18.22% | 19.15% | 17.65% | 15.29% | 15.18% | 15.55% | 15.64% | 15.04% | 16.48% | 15.73% | 18.52% | 16.92% | 10.60% | 9.09% | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||||||
| lululemon athletica inc. | 16.61% | 16.81% | 17.14% | 15.25% | 22.03% | 22.39% | 21.72% | 19.73% | 19.04% | 18.76% | 16.29% | 14.07% | 15.36% | 15.44% | 18.04% | — | — | — | — | — | — | — | — | |||||||
| Nike Inc. | 14.00% | 14.24% | 13.73% | 13.51% | 14.31% | 14.21% | 13.73% | 14.99% | 15.45% | 15.85% | 16.04% | 15.17% | 9.47% | 8.11% | 8.09% | — | — | — | — | — | — | — | — | |||||||
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).
1 Q3 2024 Calculation
ROA = 100
× (Net income (loss)Q3 2024
+ Net income (loss)Q2 2024
+ Net income (loss)Q1 2024
+ Net income (loss)Q4 2023)
÷ Total assets
= 100 × (389,919 + 178,547 + 63,552 + 91,787)
÷ 3,347,459 = 21.62%
2 Click competitor name to see calculations.
The financial data indicates a generally positive trend in net income and return on assets (ROA) over the observed period, alongside steady growth in total assets.
- Net Income (Loss)
- Net income demonstrates substantial volatility but overall improvement from negative values at the beginning to significantly positive figures in later quarters. Starting with a loss of approximately $30.4 million in mid-2018, the company experienced strong recoveries with several quarters exceeding $200 million in net income. Notably, net income reached a peak near $389.9 million by the end of 2023, reflecting enhanced profitability and effective cost management. Despite occasional declines and negative values in early quarters of the observed timeline, the pattern indicates a trajectory toward consistent profitability.
- Total Assets
- Total assets increased consistently throughout the entire period, rising from approximately $1.39 billion in mid-2018 to over $3.34 billion by the close of 2023. This growth signals ongoing investment and expansion in the company’s asset base, which may support revenue growth and operational scale. Minor fluctuations are observed but without significant sustained declines, confirming a stable growth strategy in asset management.
- Return on Assets (ROA)
- ROA remained relatively stable with a generally upward trend, ranging from 9.09% in mid-2018 to a high exceeding 21% towards the end of 2023. This increase suggests improved efficiency in using assets to generate profit. Despite some quarter-to-quarter variability, ROA consistently remained above 15% for most periods after early 2019, indicating solid performance and effective deployment of asset investments.
In summary, the data reveals a company moving from initial losses to sustained profitability, accompanied by increasing asset growth and improving efficiency in asset utilization. These trends collectively suggest a strengthening financial position and enhanced operational effectiveness over the examined quarters.