YETI Holdings Inc (YETI)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,829,870 | 1,658,710 | 1,595,220 | 1,410,990 | 1,091,720 |
| Property, plant and equipment | US$ in thousands | 120,645 | 124,419 | 117,054 | 109,664 | 77,166 |
| Fixed asset turnover | 15.17 | 13.33 | 13.63 | 12.87 | 14.15 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,829,870K ÷ $120,645K
= 15.17
Based on the provided data, YETI Holdings Inc's fixed asset turnover ratio has exhibited some fluctuations over the past five years. The ratio was 14.15 in 2020, indicating that the company generated $14.15 in sales for every dollar invested in fixed assets during that year.
In 2021, the fixed asset turnover decreased to 12.87, suggesting a slight decline in the efficiency of utilizing fixed assets to generate sales. However, the ratio improved in 2022 to 13.63, indicating a better performance in utilizing fixed assets to generate revenue.
Further, in 2023, the fixed asset turnover decreased to 13.33, showing a slight dip in efficiency compared to the previous year. Finally, in 2024, the ratio increased to 15.17, signaling an improvement in the company's ability to generate sales relative to the investment in fixed assets.
Overall, YETI Holdings Inc's fixed asset turnover has shown some variability over the years, but the general trend demonstrates the company's effectiveness in utilizing its fixed assets to generate revenue, with some improvements in recent years.
Peer comparison
Dec 31, 2024