YETI Holdings Inc (YETI)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 17.32 | 12.41 | 12.06 | — | 20.08 | — | — | — | 12.88 | — | — | — | — | — | — | — | — | — | |||
| DSO | days | 21.08 | 29.42 | 30.27 | — | 18.18 | — | — | — | 28.33 | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 17.32
= 21.08
YETI Holdings Inc's Days of Sales Outstanding (DSO) is a metric used to measure the average number of days it takes for the company to collect payment after making a sale. Looking at the data provided, we observe fluctuations in the DSO over the periods reported.
In the most recent period, as of December 31, 2023, the DSO stands at 21.08 days, indicating that YETI has been efficient in collecting payments from customers. However, it is crucial to note that there was no DSO reported for the previous quarter (March 31, 202,3), which could be due to data unavailability or a different reporting format.
The trend in DSO over the available periods highlights some variability in the collection efficiency of YETI Holdings Inc. The DSO peaked at 30.27 days in June 30, 2023, indicating a slower collection of receivables during that period. Subsequently, there was a decline to 29.42 days by September 30, 2023, suggesting an improvement in collecting payments.
When compared to historical data, such as December 31, 2019, where there was no DSO reported, it is evident that YETI has started capturing and reporting this metric to monitor their cash inflows better.
Overall, a lower DSO is favorable as it signifies that the company is collecting payments more quickly, potentially improving cash flow and overall liquidity. YETI's management should continue to monitor and analyze DSO trends to ensure effective credit and collections practices to support the company's financial health.
Peer comparison
Dec 31, 2023