YETI Holdings Inc (YETI)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,829,873 | 1,803,126 | 1,758,247 | 1,697,311 | 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 |
| Property, plant and equipment | US$ in thousands | 120,645 | 131,009 | 131,858 | 129,941 | 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 |
| Fixed asset turnover | 15.17 | 13.76 | 13.33 | 13.06 | 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 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,829,873K ÷ $120,645K
= 15.17
YETI Holdings Inc's fixed asset turnover has shown a consistent upward trend over the past few years, indicating the company's ability to generate sales revenue relative to its investment in fixed assets. The ratio increased steadily from 11.65 in March 2020 to a peak of 15.17 in December 2024. This suggests that YETI has been effectively utilizing its fixed assets to drive sales growth.
Although there were fluctuations in the ratio over the period, the overall trend remained positive, reflecting the company's efficient use of its fixed assets. A higher fixed asset turnover ratio indicates that the company is generating more sales revenue for each dollar invested in fixed assets, which is a favorable sign of operational efficiency.
Investors and analysts may view this trend positively as it signifies that YETI has been able to effectively manage its fixed assets to support revenue generation, potentially leading to improved profitability and overall financial performance.
Peer comparison
Dec 31, 2024