YETI Holdings Inc (YETI)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.84 | 3.76 | 5.91 | 3.11 | 3.74 | |
| Number of days of payables | days | 75.47 | 97.12 | 61.79 | 117.39 | 97.47 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.84
= 75.47
The number of days of payables for YETI Holdings Inc has fluctuated over the past five years.
As of December 31, 2020, the company took an average of 97.47 days to pay its suppliers. This number increased significantly to 117.39 days by December 31, 2021, indicating a potential delay in payment to vendors.
By December 31, 2022, YETI Holdings Inc improved its payment efficiency, reducing the number of days of payables to 61.79 days, which suggests a more timely settlement of obligations to suppliers. The trend continued to December 31, 2023, with 97.12 days of payables, slightly higher than the 2020 level.
Most recently, as of December 31, 2024, the days of payables for YETI Holdings Inc stood at 75.47 days, showing a moderate increase from the prior year but still lower than the peak in 2021.
Overall, the company's number of days of payables indicates varying payment practices over the years, with efforts made to optimize payment schedules and manage working capital effectively.
Peer comparison
Dec 31, 2024