Deckers Cash vs Property Plant And Equipment Net Analysis
DECK Stock | USD 853.48 8.90 1.03% |
Deckers Outdoor financial indicator trend analysis is much more than just examining Deckers Outdoor latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Deckers Outdoor is a good investment. Please check the relationship between Deckers Outdoor Cash and its Property Plant And Equipment Net accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Deckers Outdoor. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy Deckers Stock please use our How to buy in Deckers Stock guide.
Cash vs Property Plant And Equipment Net
Cash vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Deckers Outdoor Cash account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Deckers Outdoor's Cash and Property Plant And Equipment Net is 0.92. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Deckers Outdoor, assuming nothing else is changed. The correlation between historical values of Deckers Outdoor's Cash and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Deckers Outdoor are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Cash i.e., Deckers Outdoor's Cash and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cash
Cash refers to the most liquid asset of Deckers Outdoor, which is listed under current asset account on Deckers Outdoor balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Deckers Outdoor customers. The amounts must be unrestricted with restricted cash listed in a different Deckers Outdoor account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Most indicators from Deckers Outdoor's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Deckers Outdoor current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Deckers Outdoor. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy Deckers Stock please use our How to buy in Deckers Stock guide.At this time, Deckers Outdoor's Enterprise Value is quite stable compared to the past year.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.6B | 1.8B | 2.1B | 2.2B | Total Revenue | 3.2B | 3.6B | 4.2B | 4.4B |
Deckers Outdoor fundamental ratios Correlations
Click cells to compare fundamentals
Deckers Outdoor Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Deckers Outdoor fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.8B | 2.2B | 2.3B | 2.6B | 2.9B | 3.1B | |
Short Long Term Debt Total | 295.7M | 223.0M | 222.1M | 246.5M | 283.5M | 297.6M | |
Other Current Liab | 76.9M | 151.3M | 123.3M | 109.1M | 125.5M | 131.7M | |
Total Current Liabilities | 300.9M | 468.4M | 541.7M | 497.4M | 572.0M | 600.6M | |
Total Stockholder Equity | 1.1B | 1.4B | 1.5B | 1.8B | 2.0B | 2.1B | |
Property Plant And Equipment Net | 452.6M | 393.2M | 404.9M | 480.0M | 552.0M | 579.6M | |
Net Debt | (353.7M) | (866.3M) | (621.5M) | (735.3M) | (661.8M) | (628.7M) | |
Retained Earnings | 973.9M | 1.3B | 1.4B | 1.6B | 1.8B | 1.9B | |
Accounts Payable | 147.9M | 231.6M | 327.5M | 265.6M | 305.4M | 320.7M | |
Cash | 649.4M | 1.1B | 843.5M | 981.8M | 1.1B | 1.2B | |
Non Current Assets Total | 571.0M | 516.9M | 580.1M | 646.0M | 742.8M | 780.0M | |
Non Currrent Assets Other | 28.2M | 30.6M | 57.3M | 41.9M | 48.2M | 50.6M | |
Cash And Short Term Investments | 649.4M | 1.1B | 843.5M | 981.8M | 1.1B | 1.2B | |
Net Receivables | 193.7M | 222.0M | 320.9M | 306.3M | 352.2M | 369.9M | |
Common Stock Shares Outstanding | 28.7M | 28.4M | 27.8M | 26.7M | 30.7M | 35.6M | |
Liabilities And Stockholders Equity | 1.8B | 2.2B | 2.3B | 2.6B | 2.9B | 3.1B | |
Non Current Liabilities Total | 324.1M | 255.1M | 251.7M | 293.1M | 337.1M | 353.9M | |
Inventory | 311.6M | 278.2M | 506.8M | 532.9M | 612.8M | 643.4M | |
Other Current Assets | 21.5M | 44.2M | 55.3M | 55.5M | 63.9M | 67.0M | |
Other Stockholder Equity | 191.5M | 203.3M | 210.8M | 232.9M | 267.9M | 281.3M | |
Total Liab | 625.0M | 723.5M | 793.4M | 790.5M | 909.0M | 954.5M | |
Property Plant And Equipment Gross | 452.6M | 393.2M | 404.9M | 480.0M | 552.0M | 579.6M | |
Total Current Assets | 1.2B | 1.7B | 1.8B | 1.9B | 2.2B | 2.3B | |
Accumulated Other Comprehensive Income | (25.6M) | (16.7M) | (25.0M) | (39.0M) | (35.1M) | (33.4M) | |
Short Term Debt | 49.7M | 46.8M | 50.1M | 50.8M | 58.4M | 61.3M | |
Intangible Assets | 48.0M | 41.9M | 39.7M | 37.5M | 43.1M | 48.7M | |
Common Stock | 280K | 279K | 270K | 262K | 301.3K | 251.6K | |
Common Stock Total Equity | 280K | 279K | 270K | 262K | 301.3K | 245.7K | |
Other Assets | 52.5M | 56.4M | 67.8M | 175.2M | 201.5M | 211.6M | |
Property Plant Equipment | 209.0M | 206.2M | 404.9M | 266.7M | 306.7M | 322.0M | |
Other Liab | 100.7M | 78.1M | 78.8M | 79.8M | 91.7M | 59.9M | |
Net Tangible Assets | 1.1B | 1.4B | 1.5B | 1.7B | 2.0B | 1.0B | |
Retained Earnings Total Equity | 973.9M | 1.3B | 1.4B | 1.6B | 1.8B | 1.0B | |
Capital Surpluse | 191.5M | 203.3M | 210.8M | 232.9M | 267.9M | 188.8M |
Pair Trading with Deckers Outdoor
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Deckers Outdoor position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Deckers Outdoor will appreciate offsetting losses from the drop in the long position's value.Moving together with Deckers Stock
0.76 | AS | Amer Sports Downward Rally | PairCorr |
0.73 | BC | Brunswick | PairCorr |
0.72 | RL | Ralph Lauren Corp Financial Report 23rd of May 2024 | PairCorr |
Moving against Deckers Stock
0.56 | DOOO | BRP Inc Financial Report 6th of June 2024 | PairCorr |
The ability to find closely correlated positions to Deckers Outdoor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Deckers Outdoor when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Deckers Outdoor - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Deckers Outdoor to buy it.
The correlation of Deckers Outdoor is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Deckers Outdoor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Deckers Outdoor moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Deckers Outdoor can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Deckers Outdoor. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy Deckers Stock please use our How to buy in Deckers Stock guide.Note that the Deckers Outdoor information on this page should be used as a complementary analysis to other Deckers Outdoor's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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Is Deckers Outdoor's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Deckers Outdoor. If investors know Deckers will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Deckers Outdoor listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.442 | Earnings Share 27.65 | Revenue Per Share 158.194 | Quarterly Revenue Growth 0.16 | Return On Assets 0.1808 |
The market value of Deckers Outdoor is measured differently than its book value, which is the value of Deckers that is recorded on the company's balance sheet. Investors also form their own opinion of Deckers Outdoor's value that differs from its market value or its book value, called intrinsic value, which is Deckers Outdoor's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Deckers Outdoor's market value can be influenced by many factors that don't directly affect Deckers Outdoor's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Deckers Outdoor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Deckers Outdoor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Deckers Outdoor's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.