YETI Holdings Inc (YETI)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,658,713 | 1,586,916 | 1,586,911 | 1,604,390 | 1,595,222 | 1,590,351 | 1,519,438 | 1,457,063 | 1,410,989 | 1,343,632 | 1,275,592 | 1,164,863 | 1,091,721 | 1,013,555 | 948,077 | 932,793 | 913,734 | 857,311 | ||
| Property, plant and equipment | US$ in thousands | 124,419 | 132,215 | 131,809 | 124,843 | 117,054 | 128,361 | 127,309 | 123,882 | 109,664 | 98,896 | 91,694 | 86,741 | 77,166 | 74,393 | 76,364 | 80,037 | 82,610 | 81,242 | 79,989 | 78,221 |
| Fixed asset turnover | 13.33 | 12.00 | 12.04 | 12.85 | 13.63 | 12.39 | 11.94 | 11.76 | 12.87 | 13.59 | 13.91 | 13.43 | 14.15 | 13.62 | 12.42 | 11.65 | 11.06 | 10.55 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,658,713K ÷ $124,419K
= 13.33
YETI Holdings Inc's fixed asset turnover ratio has demonstrated a relatively stable trend over the past several periods, ranging between 10.55 and 14.15 times. The ratio indicates the company's ability to generate sales revenue relative to its investment in fixed assets, with higher values suggesting efficient utilization of fixed assets to generate revenue.
The company's fixed asset turnover ratio peaked at 14.15 in December 2020 and has been fluctuating around this level since then. This suggests that YETI has been effectively utilizing its fixed assets to generate sales, possibly through efficient production processes or effective asset management.
While the ratios have fluctuated slightly over time, YETI Holdings Inc has generally maintained a solid fixed asset turnover performance, which is essential for maximizing revenue from investments in fixed assets. This consistent performance reflects positively on the company's operational efficiency and effectiveness in generating sales from its fixed assets.
Peer comparison
Dec 31, 2023