YETI Holdings Inc (YETI)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 715,527 | 831,821 | 594,876 | 462,918 | 438,420 |
| Inventory | US$ in thousands | 337,208 | 371,412 | 318,864 | 140,111 | 185,700 |
| Inventory turnover | 2.12 | 2.24 | 1.87 | 3.30 | 2.36 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $715,527K ÷ $337,208K
= 2.12
The inventory turnover ratio measures how efficiently a company manages its inventory by indicating how many times the company sells and replaces its inventory during a specific period. Looking at YETI Holdings Inc's inventory turnover over the past five years, we observe fluctuations in the ratio:
- In 2023, the inventory turnover ratio stood at 2.12, slightly lower than the previous year's ratio of 2.24. This could suggest a moderate decrease in the efficiency of inventory management for the year.
- In 2022, the ratio was 2.24, showing a slight decrease from 2021's ratio of 1.87, indicating an improvement in inventory turnover efficiency.
- In 2021, the inventory turnover ratio was 1.87, lower than the previous year's ratio of 3.30. This significant decrease may imply potential issues with inventory management efficiency.
- In 2020, the company had a high inventory turnover ratio of 3.30, indicating a strong efficiency in managing inventory turnover.
- In 2019, the ratio was 2.36, showing a slight decrease from the previous year.
Overall, the fluctuating trend in YETI Holdings Inc's inventory turnover ratios suggests varying levels of efficiency in managing inventory over the years. Further analysis in conjunction with other financial metrics would provide a more comprehensive understanding of the company's overall performance and operational effectiveness.
Peer comparison
Dec 31, 2023