YETI Holdings Inc (YETI)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 2.12 | 2.24 | 1.87 | 3.30 | 2.36 | |
| DOH | days | 172.01 | 162.97 | 195.65 | 110.47 | 154.60 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.12
= 172.01
YETI Holdings Inc's days of inventory on hand (DOH) has fluctuated over the past five years. In 2023, the company had 172.01 days of inventory on hand, showing an increase from the previous year's 162.97 days. This indicates that YETI held its inventory for a longer period in 2023. Comparing to 2021, where the DOH was 195.65 days, we can see an improvement in inventory management efficiency over the past two years.
However, in 2020, YETI had a relatively lower DOH of 110.47 days, indicating the company managed its inventory more effectively during that year. The DOH increased again in 2021 but improved slightly in 2022 and 2023. Overall, a decreasing trend in DOH is generally considered positive as it suggests the company is managing its inventory levels more efficiently and effectively.
Peer comparison
Dec 31, 2023