Stock Analysis on Net
Stock Analysis on Net

Deckers Outdoor Corp. (NYSE:DECK)

This company has been moved to the archive! The financial data has not been updated since February 5, 2024.

DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin 
Quarterly Data

Microsoft Excel

Decomposing ROE involves expressing net income divided by shareholders’ equity as the product of component ratios.

Two-Component Disaggregation of ROE

Deckers Outdoor Corp., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Dec 31, 2023 34.40% = 21.62% × 1.59
Sep 30, 2023 34.12% = 21.50% × 1.59
Jun 30, 2023 29.72% = 18.80% × 1.58
Mar 31, 2023 29.27% = 20.22% × 1.45
Dec 31, 2022 27.91% = 17.58% × 1.59
Sep 30, 2022 29.56% = 18.17% × 1.63
Jun 30, 2022 30.47% = 17.85% × 1.71
Mar 31, 2022 29.37% = 19.38% × 1.52
Dec 31, 2021 26.62% = 16.35% × 1.63
Sep 30, 2021 30.00% = 18.22% × 1.65
Jun 30, 2021 30.91% = 19.15% × 1.61
Mar 31, 2021 26.49% = 17.65% × 1.50
Dec 31, 2020 24.02% = 15.29% × 1.57
Sep 30, 2020 25.04% = 15.18% × 1.65
Jun 30, 2020 25.29% = 15.55% × 1.63
Mar 31, 2020 24.22% = 15.64% × 1.55
Dec 31, 2019 25.27% = 15.04% × 1.68
Sep 30, 2019 30.43% = 16.48% × 1.85
Jun 30, 2019 27.67% = 15.73% × 1.76
Mar 31, 2019 25.29% = 18.52% × 1.37
Dec 31, 2018 25.64% = 16.92% × 1.52
Sep 30, 2018 17.82% = 10.60% × 1.68
Jun 30, 2018 13.98% = 9.09% × 1.54
Mar 31, 2018 12.16% = 9.05% × 1.34
Dec 31, 2017 — = — × 1.48
Sep 30, 2017 — = — × 1.57
Jun 30, 2017 — = — × 1.39

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), 10-K (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30).

The primary reason for the increase in return on equity ratio (ROE) over Q3 2024 is the increase in profitability measured by return on assets ratio (ROA).

Three-Component Disaggregation of ROE

Deckers Outdoor Corp., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Dec 31, 2023 34.40% = 17.57% × 1.23 × 1.59
Sep 30, 2023 34.12% = 15.69% × 1.37 × 1.59
Jun 30, 2023 29.72% = 14.52% × 1.30 × 1.58
Mar 31, 2023 29.27% = 14.25% × 1.42 × 1.45
Dec 31, 2022 27.91% = 13.83% × 1.27 × 1.59
Sep 30, 2022 29.56% = 13.13% × 1.38 × 1.63
Jun 30, 2022 30.47% = 13.76% × 1.30 × 1.71
Mar 31, 2022 29.37% = 14.35% × 1.35 × 1.52
Dec 31, 2021 26.62% = 14.00% × 1.17 × 1.63
Sep 30, 2021 30.00% = 15.33% × 1.19 × 1.65
Jun 30, 2021 30.91% = 15.85% × 1.21 × 1.61
Mar 31, 2021 26.49% = 15.03% × 1.17 × 1.50
Dec 31, 2020 24.02% = 15.48% × 0.99 × 1.57
Sep 30, 2020 25.04% = 14.02% × 1.08 × 1.65
Jun 30, 2020 25.29% = 13.44% × 1.16 × 1.63
Mar 31, 2020 24.22% = 12.95% × 1.21 × 1.55
Dec 31, 2019 25.27% = 13.20% × 1.14 × 1.68
Sep 30, 2019 30.43% = 13.36% × 1.23 × 1.85
Jun 30, 2019 27.67% = 13.45% × 1.17 × 1.76
Mar 31, 2019 25.29% = 13.08% × 1.42 × 1.37
Dec 31, 2018 25.64% = 12.87% × 1.31 × 1.52
Sep 30, 2018 17.82% = 7.69% × 1.38 × 1.68
Jun 30, 2018 13.98% = 6.49% × 1.40 × 1.54
Mar 31, 2018 12.16% = 6.01% × 1.51 × 1.34
Dec 31, 2017 — = — × — × 1.48
Sep 30, 2017 — = — × — × 1.57
Jun 30, 2017 — = — × — × 1.39

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), 10-K (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30).

The primary reason for the increase in return on equity ratio (ROE) over Q3 2024 is the increase in profitability measured by net profit margin ratio.

Five-Component Disaggregation of ROE

Deckers Outdoor Corp., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Dec 31, 2023 34.40% = 0.78 × 1.00 × 22.64% × 1.23 × 1.59
Sep 30, 2023 34.12% = 0.77 × 1.00 × 20.47% × 1.37 × 1.59
Jun 30, 2023 29.72% = 0.78 × 1.00 × 18.81% × 1.30 × 1.58
Mar 31, 2023 29.27% = 0.78 × 0.99 × 18.46% × 1.42 × 1.45
Dec 31, 2022 27.91% = 0.78 × 1.00 × 17.81% × 1.27 × 1.59
Sep 30, 2022 29.56% = 0.80 × 1.00 × 16.51% × 1.38 × 1.63
Jun 30, 2022 30.47% = 0.80 × 1.00 × 17.25% × 1.30 × 1.71
Mar 31, 2022 29.37% = 0.80 × 1.00 × 17.99% × 1.35 × 1.52
Dec 31, 2021 26.62% = 0.78 × 0.99 × 18.18% × 1.17 × 1.63
Sep 30, 2021 30.00% = 0.77 × 0.99 × 20.11% × 1.19 × 1.65
Jun 30, 2021 30.91% = 0.77 × 0.99 × 20.85% × 1.21 × 1.61
Mar 31, 2021 26.49% = 0.76 × 0.99 × 19.94% × 1.17 × 1.50
Dec 31, 2020 24.02% = 0.79 × 0.99 × 19.95% × 0.99 × 1.57
Sep 30, 2020 25.04% = 0.79 × 0.99 × 17.92% × 1.08 × 1.65
Jun 30, 2020 25.29% = 0.79 × 0.99 × 17.18% × 1.16 × 1.63
Mar 31, 2020 24.22% = 0.81 × 0.99 × 16.22% × 1.21 × 1.55
Dec 31, 2019 25.27% = 0.79 × 0.99 × 16.79% × 1.14 × 1.68
Sep 30, 2019 30.43% = 0.81 × 0.99 × 16.78% × 1.23 × 1.85
Jun 30, 2019 27.67% = 0.81 × 0.99 × 16.76% × 1.17 × 1.76
Mar 31, 2019 25.29% = 0.80 × 0.99 × 16.51% × 1.42 × 1.37
Dec 31, 2018 25.64% = 0.83 × 0.99 × 15.67% × 1.31 × 1.52
Sep 30, 2018 17.82% = 0.58 × 0.98 × 13.58% × 1.38 × 1.68
Jun 30, 2018 13.98% = 0.53 × 0.98 × 12.50% × 1.40 × 1.54
Mar 31, 2018 12.16% = 0.52 × 0.98 × 11.84% × 1.51 × 1.34
Dec 31, 2017 — = — × — × — × — × 1.48
Sep 30, 2017 — = — × — × — × — × 1.57
Jun 30, 2017 — = — × — × — × — × 1.39

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), 10-K (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30).

The primary reason for the increase in return on equity ratio (ROE) over Q3 2024 is the increase in operating profitability measured by EBIT margin ratio.

Two-Component Disaggregation of ROA

Deckers Outdoor Corp., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Dec 31, 2023 21.62% = 17.57% × 1.23
Sep 30, 2023 21.50% = 15.69% × 1.37
Jun 30, 2023 18.80% = 14.52% × 1.30
Mar 31, 2023 20.22% = 14.25% × 1.42
Dec 31, 2022 17.58% = 13.83% × 1.27
Sep 30, 2022 18.17% = 13.13% × 1.38
Jun 30, 2022 17.85% = 13.76% × 1.30
Mar 31, 2022 19.38% = 14.35% × 1.35
Dec 31, 2021 16.35% = 14.00% × 1.17
Sep 30, 2021 18.22% = 15.33% × 1.19
Jun 30, 2021 19.15% = 15.85% × 1.21
Mar 31, 2021 17.65% = 15.03% × 1.17
Dec 31, 2020 15.29% = 15.48% × 0.99
Sep 30, 2020 15.18% = 14.02% × 1.08
Jun 30, 2020 15.55% = 13.44% × 1.16
Mar 31, 2020 15.64% = 12.95% × 1.21
Dec 31, 2019 15.04% = 13.20% × 1.14
Sep 30, 2019 16.48% = 13.36% × 1.23
Jun 30, 2019 15.73% = 13.45% × 1.17
Mar 31, 2019 18.52% = 13.08% × 1.42
Dec 31, 2018 16.92% = 12.87% × 1.31
Sep 30, 2018 10.60% = 7.69% × 1.38
Jun 30, 2018 9.09% = 6.49% × 1.40
Mar 31, 2018 9.05% = 6.01% × 1.51
Dec 31, 2017 — = — × —
Sep 30, 2017 — = — × —
Jun 30, 2017 — = — × —

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), 10-K (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30).

The primary reason for the increase in return on assets ratio (ROA) over Q3 2024 is the increase in profitability measured by net profit margin ratio.

Four-Component Disaggregation of ROA

Deckers Outdoor Corp., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Dec 31, 2023 21.62% = 0.78 × 1.00 × 22.64% × 1.23
Sep 30, 2023 21.50% = 0.77 × 1.00 × 20.47% × 1.37
Jun 30, 2023 18.80% = 0.78 × 1.00 × 18.81% × 1.30
Mar 31, 2023 20.22% = 0.78 × 0.99 × 18.46% × 1.42
Dec 31, 2022 17.58% = 0.78 × 1.00 × 17.81% × 1.27
Sep 30, 2022 18.17% = 0.80 × 1.00 × 16.51% × 1.38
Jun 30, 2022 17.85% = 0.80 × 1.00 × 17.25% × 1.30
Mar 31, 2022 19.38% = 0.80 × 1.00 × 17.99% × 1.35
Dec 31, 2021 16.35% = 0.78 × 0.99 × 18.18% × 1.17
Sep 30, 2021 18.22% = 0.77 × 0.99 × 20.11% × 1.19
Jun 30, 2021 19.15% = 0.77 × 0.99 × 20.85% × 1.21
Mar 31, 2021 17.65% = 0.76 × 0.99 × 19.94% × 1.17
Dec 31, 2020 15.29% = 0.79 × 0.99 × 19.95% × 0.99
Sep 30, 2020 15.18% = 0.79 × 0.99 × 17.92% × 1.08
Jun 30, 2020 15.55% = 0.79 × 0.99 × 17.18% × 1.16
Mar 31, 2020 15.64% = 0.81 × 0.99 × 16.22% × 1.21
Dec 31, 2019 15.04% = 0.79 × 0.99 × 16.79% × 1.14
Sep 30, 2019 16.48% = 0.81 × 0.99 × 16.78% × 1.23
Jun 30, 2019 15.73% = 0.81 × 0.99 × 16.76% × 1.17
Mar 31, 2019 18.52% = 0.80 × 0.99 × 16.51% × 1.42
Dec 31, 2018 16.92% = 0.83 × 0.99 × 15.67% × 1.31
Sep 30, 2018 10.60% = 0.58 × 0.98 × 13.58% × 1.38
Jun 30, 2018 9.09% = 0.53 × 0.98 × 12.50% × 1.40
Mar 31, 2018 9.05% = 0.52 × 0.98 × 11.84% × 1.51
Dec 31, 2017 — = — × — × — × —
Sep 30, 2017 — = — × — × — × —
Jun 30, 2017 — = — × — × — × —

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), 10-K (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30).

The primary reason for the increase in return on assets ratio (ROA) over Q3 2024 is the increase in operating profitability measured by EBIT margin ratio.

Disaggregation of Net Profit Margin

Deckers Outdoor Corp., decomposition of net profit margin ratio (quarterly data)

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Dec 31, 2023 17.57% = 0.78 × 1.00 × 22.64%
Sep 30, 2023 15.69% = 0.77 × 1.00 × 20.47%
Jun 30, 2023 14.52% = 0.78 × 1.00 × 18.81%
Mar 31, 2023 14.25% = 0.78 × 0.99 × 18.46%
Dec 31, 2022 13.83% = 0.78 × 1.00 × 17.81%
Sep 30, 2022 13.13% = 0.80 × 1.00 × 16.51%
Jun 30, 2022 13.76% = 0.80 × 1.00 × 17.25%
Mar 31, 2022 14.35% = 0.80 × 1.00 × 17.99%
Dec 31, 2021 14.00% = 0.78 × 0.99 × 18.18%
Sep 30, 2021 15.33% = 0.77 × 0.99 × 20.11%
Jun 30, 2021 15.85% = 0.77 × 0.99 × 20.85%
Mar 31, 2021 15.03% = 0.76 × 0.99 × 19.94%
Dec 31, 2020 15.48% = 0.79 × 0.99 × 19.95%
Sep 30, 2020 14.02% = 0.79 × 0.99 × 17.92%
Jun 30, 2020 13.44% = 0.79 × 0.99 × 17.18%
Mar 31, 2020 12.95% = 0.81 × 0.99 × 16.22%
Dec 31, 2019 13.20% = 0.79 × 0.99 × 16.79%
Sep 30, 2019 13.36% = 0.81 × 0.99 × 16.78%
Jun 30, 2019 13.45% = 0.81 × 0.99 × 16.76%
Mar 31, 2019 13.08% = 0.80 × 0.99 × 16.51%
Dec 31, 2018 12.87% = 0.83 × 0.99 × 15.67%
Sep 30, 2018 7.69% = 0.58 × 0.98 × 13.58%
Jun 30, 2018 6.49% = 0.53 × 0.98 × 12.50%
Mar 31, 2018 6.01% = 0.52 × 0.98 × 11.84%
Dec 31, 2017 — = — × — × —
Sep 30, 2017 — = — × — × —
Jun 30, 2017 — = — × — × —

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), 10-K (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30).

The primary reason for the increase in net profit margin ratio over Q3 2024 is the increase in operating profitability measured by EBIT margin ratio.