YETI Holdings Inc (YETI)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 3.76 | 4.42 | 5.72 | 8.20 | 5.91 | 6.02 | 3.35 | 3.77 | 3.11 | 3.36 | 3.59 | 4.03 | 3.74 | 4.39 | 10.51 | 5.94 | 5.23 | 3.95 | |||
| Number of days of payables | days | 97.12 | 82.54 | 63.79 | 44.51 | 61.79 | 60.64 | 108.96 | 96.80 | 117.39 | 108.74 | 101.77 | 90.65 | 97.47 | 83.12 | 34.72 | 61.46 | 69.79 | 92.47 |
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 shown some fluctuations over the past 5 years, ranging from as low as 34.72 days to as high as 117.39 days. The trend indicates some variability in the company's ability to pay its suppliers within a specific period.
In the most recent quarter, as of December 31, 2023, YETI Holdings Inc had an accounts payable turnover of 97.12 days, representing a longer payment cycle compared to the previous quarter's 82.54 days. This increase suggests that the company took longer to pay its suppliers, which could impact its cash flow and relationships with vendors.
It is important for investors and analysts to monitor the number of days of payables to understand how efficiently the company is managing its working capital and its relationships with suppliers. Consistently high or increasing days payable outstanding may indicate liquidity issues or potential strains in the supply chain, while a significant decrease could signal more efficient cash management practices.
Peer comparison
Dec 31, 2023