YETI Holdings Inc (YETI)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.47 | 2.03 | 1.94 | 1.98 | 2.12 | 2.32 | 2.55 | 2.40 | 2.24 | 1.68 | 1.40 | 1.53 | 1.87 | 2.10 | 2.36 | 2.63 | 3.30 | 3.32 | 3.14 | 2.18 | |
| DOH | days | 147.63 | 179.93 | 188.46 | 184.18 | 172.01 | 157.33 | 143.18 | 151.87 | 162.97 | 216.99 | 261.61 | 238.82 | 195.65 | 174.14 | 154.85 | 138.89 | 110.47 | 109.87 | 116.27 | 167.23 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.47
= 147.63
YETI Holdings Inc's days of inventory on hand (DOH) reflects the average number of days it takes for the company to sell its inventory. Looking at the trend over the past years, we observe fluctuations in the DOH metric.
The data shows that YETI's DOH has increased steadily from around 167 days on March 31, 2020, to a peak of 261.61 days on June 30, 2022. This indicates that the company was holding onto inventory for a longer period during this time, which may suggest overstocking or potential inefficiencies in inventory management.
Subsequently, there was a significant decrease in DOH to 147.63 days on December 31, 2024. This decline suggests that YETI may have taken steps to address the high inventory levels seen in previous periods, leading to a more optimal inventory turnover.
Overall, monitoring the DOH metric is crucial for YETI to ensure efficient inventory management, strike a balance between stocking enough inventory to meet demand and avoiding excess holding costs or obsolescence.
Peer comparison
Dec 31, 2024