YETI Holdings Inc (YETI)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 766,589 | 751,053 | 732,650 | 721,182 | 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 |
| Inventory | US$ in thousands | 310,058 | 370,233 | 378,296 | 363,919 | 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 |
| Inventory turnover | 2.47 | 2.03 | 1.94 | 1.98 | 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 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $766,589K ÷ $310,058K
= 2.47
YETI Holdings Inc's inventory turnover has fluctuated over the past few years. The inventory turnover ratio is a measure of how efficiently a company manages its inventory by indicating how many times the company sells and replaces its inventory during a period.
In March 2020, the inventory turnover was 2.18, indicating that the company turned over its inventory 2.18 times during that period. This figure increased to 3.32 by September 2020, reflecting an improvement in inventory management efficiency. However, the ratio saw a decline to 1.87 by December 2021, suggesting a potential slowdown in inventory turnover.
There was a gradual increase in the inventory turnover ratio from March 2022 to June 2023, reaching a peak of 2.55. This upward trend indicates better management of inventory during this period. However, the ratio started to decline again in the following quarters, reaching 2.03 by September 2024.
Overall, the trend in YETI Holdings Inc's inventory turnover ratio suggests fluctuating efficiency in managing its inventory levels. It is essential for the company to monitor and optimize its inventory management practices to ensure adequate stock levels while avoiding excess or obsolete inventory that could impact profitability and cash flow.
Peer comparison
Dec 31, 2024
Dec 31, 2024