YETI Holdings Inc (YETI)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 766,589 | 715,527 | 831,821 | 594,876 | 462,918 |
| Inventory | US$ in thousands | 310,058 | 337,208 | 371,412 | 318,864 | 140,111 |
| Inventory turnover | 2.47 | 2.12 | 2.24 | 1.87 | 3.30 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $766,589K ÷ $310,058K
= 2.47
YETI Holdings Inc's inventory turnover has experienced fluctuations over the past five years. The inventory turnover ratio, which measures how efficiently the company manages its inventory, decreased from 3.30 in December 2020 to 1.87 in December 2021, indicating a decline in the speed at which inventory was sold.
However, in the following years, YETI managed to improve its inventory turnover, with ratios of 2.24 in December 2022, 2.12 in December 2023, and 2.47 in December 2024. These improvements suggest that the company enhanced its inventory management processes, allowing for quicker turnover of inventory.
Overall, while there was an initial decline in inventory turnover, YETI was able to recover and improve its efficiency in managing inventory over the analyzed period.
Peer comparison
Dec 31, 2024