YETI Holdings Inc (YETI)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 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 | 2.36 | 1.99 | |||
| DOH | days | 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 | 154.60 | 183.29 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.12
= 172.01
The days of inventory on hand (DOH) for YETI Holdings Inc have shown some fluctuations over the past few quarters. A higher DOH indicates that the company is taking longer to sell its inventory, which could tie up capital and increase storage costs. Conversely, a lower DOH could suggest more efficient inventory management.
From the data provided, we observe some significant fluctuations in the DOH metric. In the recent quarters, there seems to be a decreasing trend in the DOH, indicating that YETI has been able to improve its inventory turnover and sell its products at a faster pace compared to the previous periods. This could be a positive sign of effective inventory management or increasing demand for its products.
However, it is important to note that there were some spikes in the DOH in certain quarters, which may suggest temporary challenges in managing inventory levels efficiently. These spikes could be due to various factors such as seasonality, production issues, or changes in customer demand.
Overall, a detailed analysis of the reasons behind these fluctuations in the DOH, along with an examination of YETI's inventory management strategies, would provide a more comprehensive understanding of the company's overall performance and efficiency in managing its inventory.
Peer comparison
Dec 31, 2023