YETI Holdings Inc (YETI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.76 | 5.91 | 3.11 | 3.74 | 5.23 | |
| Number of days of payables | days | 97.12 | 61.79 | 117.39 | 97.47 | 69.79 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.76
= 97.12
YETI Holdings Inc's number of days of payables has fluctuated over the past five years, indicating variations in its ability to manage its trade payables effectively. In 2023, the number of days of payables increased significantly to 97.12 days compared to 61.79 days in 2022. This suggests that the company took longer to pay its suppliers in 2023, which could be a concern in terms of cash flow management and supplier relationships.
Comparing 2023 to 2021 and 2020, YETI's number of days of payables remained relatively stable, hovering around the 97-day mark. This stability may indicate that the company has established consistent payment terms with its suppliers during these years.
In contrast, the number of days of payables decreased to 61.79 days in 2022, indicating that YETI improved its efficiency in managing payables that year. However, the increase in days of payables in 2023 suggests a potential reversal of this improvement.
Overall, further analysis of YETI's payables management practices and their impact on working capital and cash flow would be beneficial to better understand the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023