YETI Holdings Inc (YETI)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 715,527 | 791,922 | 820,761 | 833,979 | 831,821 | 739,176 | 683,667 | 631,274 | 594,876 | 557,484 | 522,471 | 483,334 | 462,918 | 447,262 | 435,684 | 441,648 | 438,420 | 416,503 | ||
| Inventory | US$ in thousands | 337,208 | 341,348 | 321,955 | 347,002 | 371,412 | 439,443 | 490,013 | 413,037 | 318,864 | 265,974 | 221,663 | 183,921 | 140,111 | 134,632 | 138,782 | 202,353 | 185,700 | 209,154 | 181,354 | 164,299 |
| Inventory turnover | 2.12 | 2.32 | 2.55 | 2.40 | 2.24 | 1.68 | 1.40 | 1.53 | 1.87 | 2.10 | 2.36 | 2.63 | 3.30 | 3.32 | 3.14 | 2.18 | 2.36 | 1.99 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $715,527K ÷ $337,208K
= 2.12
Inventory turnover measures how efficiently a company manages its inventory by indicating the number of times it sells and replaces its average inventory during a period. A higher inventory turnover generally suggests strong sales and effective inventory management.
Analyzing YETI Holdings Inc's inventory turnover from December 31, 2019, to December 31, 2023, we observe fluctuations in the ratio.
From December 2019 to June 2022, the inventory turnover steadily increased from 1.99 to 3.14, indicating efficiency in managing inventory and sales growth during this period.
However, from September 2022 to September 2023, there was a decline in inventory turnover from 3.32 to 2.32. This decrease could suggest potentially slower sales growth or inefficiencies in managing inventory during this period.
It is important for YETI Holdings Inc to closely monitor its inventory turnover and investigate the reasons behind the fluctuations to optimize inventory levels, improve sales efficiency, and enhance overall operational performance.
Peer comparison
Dec 31, 2023
Dec 31, 2023