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Deckers Outdoor (Deckers Outdoor) Net-Net Working Capital : $36.09 (As of Dec. 2023)


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What is Deckers Outdoor Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Deckers Outdoor's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $36.09.

The industry rank for Deckers Outdoor's Net-Net Working Capital or its related term are showing as below:

DECK's Price-to-Net-Net-Working-Capital is ranked worse than
81.63% of 332 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.165 vs DECK: 22.35

Deckers Outdoor Net-Net Working Capital Historical Data

The historical data trend for Deckers Outdoor's Net-Net Working Capital 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.

* Premium members only.

Deckers Outdoor Net-Net Working Capital Chart

Deckers Outdoor Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.51 11.41 23.89 19.66 26.13

Deckers Outdoor Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.68 26.13 21.99 19.31 36.09

Competitive Comparison of Deckers Outdoor's Net-Net Working Capital

For the Footwear & Accessories subindustry, Deckers Outdoor's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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 Price-to-Net-Net-Working-Capital Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Deckers Outdoor's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Deckers Outdoor's Price-to-Net-Net-Working-Capital falls into.



Deckers Outdoor Net-Net Working Capital Calculation

Deckers Outdoor's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net-Net Working Capital(A: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(981.795+0.75 * 301.511+0.5 * 532.852-790.47
-0-0)/26.176
=26.13

Deckers Outdoor's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1650.802+0.75 * 331.677+0.5 * 538.963-1243.269
-0-0)/25.65
=36.09

* 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 calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


Deckers Outdoor  (NYSE:DECK) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Deckers Outdoor Net-Net Working Capital Related Terms

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Deckers Outdoor (Deckers Outdoor) Business Description

Traded in Other Exchanges
Address
250 Coromar Drive, Goleta, CA, USA, 93117
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.
Executives
David Powers officer: President, Direct to Consumer 495-A SOUTH FAIRVIEW AVE, GOLETA CA 93117
Caroti Stefano officer: President of Omni Channel 250 COROMAR DRIVE, GOLETA CA 93117
Devine Michael F Iii director COACH, 516 W 34TH STREET, NEW YORK NY 1001
Thomas Garcia officer: SVP, General Counsel 250 COROMAR DRIVE, GOLETA CA 93117
Steven J. Fasching officer: Chief Financial Officer 250 COROMAR DRIVE, GOLETA CA 93117
Angela Ogbechie officer: Chief Supply Chain Officer 250 COROMAR DRIVE, GOLETA CA 93117
Lauri M Shanahan director C/O THE GAP, INC., TWO FOLSOM STREET, SAN FRANCISCO CA 94105-1205
Bonita C. Stewart director 250 COROMAR DRIVE, GOLETA CA 93117
Anne Spangenberg officer: President, Fashion Lifestyle 250 COROMAR DRIVE, GOLETA CA 93117
David E. Lafitte officer: COO 250 COROMAR DRIVE, GOLETA CA 93117
Wendy W Yang officer: President, PLG 250 COROMAR DRIVE, GOLETA CA 93117
David A Burwick director 32 AUTUMN LANE, NEW CANAAN CT 06840
Maha Saleh Ibrahim director 2765 SAND HILL ROAD, MENLO PARK CA 94025
Andrea O'donnell officer: President, Fashion Lifestyle 250 COROMAR DRIVE, GOLETA CA 93117
Victor Luis director 10 HUDSON YARDS, NEW YORK NY 10001