YETI Holdings Inc (YETI)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 766,589 | 715,527 | 831,821 | 594,876 | 462,918 |
| Payables | US$ in thousands | 158,499 | 190,392 | 140,818 | 191,319 | 123,621 |
| Payables turnover | 4.84 | 3.76 | 5.91 | 3.11 | 3.74 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $766,589K ÷ $158,499K
= 4.84
Based on the data provided, YETI Holdings Inc's payables turnover has fluctuated over the years. The payables turnover ratio indicates how efficiently the company is managing its trade payables.
In 2020, the payables turnover ratio was 3.74, which means the company turned over its payables approximately 3.74 times during the year. This ratio decreased to 3.11 in 2021, suggesting a potential delay in paying its suppliers.
However, there was a significant improvement in 2022, with the payables turnover ratio increasing to 5.91, indicating that the company was managing its trade payables more effectively.
In 2023, the ratio declined slightly to 3.76, but it remained relatively stable compared to the previous years. In 2024, the payables turnover ratio increased again to 4.84, showing an improvement in managing trade payables efficiency.
Overall, the fluctuation in YETI Holdings Inc's payables turnover ratio over the years indicates changes in the company's ability to manage its payables effectively. Monitoring this ratio can provide insights into the company's liquidity and efficiency in managing its working capital.
Peer comparison
Dec 31, 2024