YETI Holdings Inc (YETI)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,658,710 | 1,595,220 | 1,410,990 | 1,091,720 | 913,734 |
| Property, plant and equipment | US$ in thousands | 124,419 | 117,054 | 109,664 | 77,166 | 82,610 |
| Fixed asset turnover | 13.33 | 13.63 | 12.87 | 14.15 | 11.06 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,658,710K ÷ $124,419K
= 13.33
Fixed asset turnover is a measure of how efficiently a company is generating revenue from its investment in fixed assets. YETI Holdings Inc's fixed asset turnover has been relatively stable over the past five years, ranging from 11.06 to 14.15.
The higher the fixed asset turnover ratio, the more effectively the company is utilizing its fixed assets to generate sales. YETI's fixed asset turnover ratios are above 10 for all years, indicating that the company is generating significant revenue relative to its investment in fixed assets.
The slight fluctuations in the fixed asset turnover ratio suggest that YETI has been able to consistently generate sales from its fixed assets, although there may have been some variations in efficiency over the years. Overall, the trend indicates that YETI has been effective in leveraging its fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2023