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Deckers Outdoor (STU:DO2) ROC (Joel Greenblatt) % : 129.16% (As of Sep. 2024)


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What is Deckers Outdoor ROC (Joel Greenblatt) %?

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Deckers Outdoor's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 129.16%.

The historical rank and industry rank for Deckers Outdoor's ROC (Joel Greenblatt) % or its related term are showing as below:

STU:DO2' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.06   Med: 62.84   Max: 126.17
Current: 126.17

During the past 13 years, Deckers Outdoor's highest ROC (Joel Greenblatt) % was 126.17%. The lowest was 0.06%. And the median was 62.84%.

STU:DO2's ROC (Joel Greenblatt) % is ranked better than
96.99% of 1063 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.6 vs STU:DO2: 126.17

Deckers Outdoor's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 10.50% per year.


Deckers Outdoor ROC (Joel Greenblatt) % Historical Data

The historical data trend for Deckers Outdoor's ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % Chart

Deckers Outdoor Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.90 76.80 87.80 77.03 113.41

Deckers Outdoor Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
ROC (Joel Greenblatt) % 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 91.50 221.91 93.86 77.14 129.16

Competitive Comparison of Deckers Outdoor's ROC (Joel Greenblatt) %

For the Footwear & Accessories subindustry, Deckers Outdoor's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Deckers Outdoor's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Deckers Outdoor's ROC (Joel Greenblatt) % falls into.



Deckers Outdoor ROC (Joel Greenblatt) % Calculation

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

EBIT stands for Earnings Before Interest and Taxes.

Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.

GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(281.606 + 699.799 + 82.257) - (804.614 + 0 + 0.00099999999986267)
=259.047

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(483.96 + 700.88 + 114.214) - (745.107 + 0 + 0.00099999999997635)
=553.946

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Deckers Outdoor for the quarter that ended in Sep. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1153.508/( ( (489.39 + max(259.047, 0)) + (483.82 + max(553.946, 0)) )/ 2 )
=1153.508/( ( 748.437 + 1037.766 )/ 2 )
=1153.508/893.1015
=129.16 %

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

* 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.


Deckers Outdoor  (STU:DO2) ROC (Joel Greenblatt) % Explanation

The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Deckers Outdoor ROC (Joel Greenblatt) % Related Terms

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Deckers Outdoor Business Description

Traded in Other Exchanges
Address
250 Coromar Drive, Goleta, CA, USA, 93117
Founded in 1973, California-based Deckers designs and sells casual and performance footwear, apparel, and accessories. In fiscal 2024, Ugg and Hoka accounted for 52% and 42% of total sales, respectively. The firm also markets niche brands Teva, Ahnu, and Koolaburra. Deckers generates most of its sales through wholesale partnerships, but also operates e-commerce in more than 50 countries and about 178 company-operated stores. The company generated 67% of its fiscal 2024 sales in the United States.

Deckers Outdoor Headlines

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