Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Deckers Outdoor's annualizedNet Income for the quarter that ended in Dec. 2023 was $1,560 Mil. Deckers Outdoor's average total tangible assets for the quarter that ended in Dec. 2023 was $3,048 Mil. Therefore, Deckers Outdoor's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 51.17%.
The historical rank and industry rank for Deckers Outdoor's Return-on-Tangible-Asset or its related term are showing as below:
DECK'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.52 Med: 18.02 Max: 25.57
Current: 25.57
During the past 13 years, Deckers Outdoor's highest Return-on-Tangible-Asset was 25.57%. The lowest was 0.52%. And the median was 18.02%.
DECK's Return-on-Tangible-Asset is ranked better than 97.6% of 1082
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.045
vs DECK: 25.57
Deckers Outdoor Return-on-Tangible-Asset Historical Data
The historical data trend for Deckers Outdoor's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Deckers Outdoor's Return-on-Tangible-Asset
For the Footwear & Accessories subindustry, Deckers Outdoor's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Deckers Outdoor's Return-on-Tangible-Asset Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Deckers Outdoor's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Deckers Outdoor's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Dec. 2023) net income data.
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Deckers Outdoor Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Deckers Outdoor's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Deckers Outdoor (Deckers Outdoor) Business Description
Deckers Outdoor Corp designs and sells casual and performance footwear, apparel, and accessories. Primary brands include UGG, Teva, and Sanuk. The company distributes Most of its products through its wholesale business, but it also has a substantial direct-to-consumer business with its company-owned retail stores and websites. Most sales are in the United States, although the company also has retail stores and distributors throughout Europe, Asia, Canada, and Latin America. Deckers sources its products from independent manufacturers primarily in Asia.
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