YETI Holdings Inc (YETI)
Payables 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 |
| Payables | US$ in thousands | 158,499 | 148,174 | 175,199 | 139,133 | 190,392 | 179,086 | 143,435 | 101,703 | 140,818 | 122,813 | 204,091 | 167,409 | 191,319 | 166,080 | 145,683 | 120,044 | 123,621 | 101,850 | 41,447 | 74,369 |
| Payables turnover | 4.84 | 5.07 | 4.18 | 5.18 | 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $766,589K ÷ $158,499K
= 4.84
The payables turnover ratio for YETI Holdings Inc has fluctuated over the period analyzed.
It was observed that the payables turnover ratio decreased from 5.94 in March 2020 to 3.74 in December 2020. This indicates that the company took longer to pay its suppliers during this period.
Subsequently, there was a slight increase in the payables turnover ratio in the following quarters, reaching a peak of 8.20 in March 2023. This suggests that the company improved its efficiency in paying off its liabilities to suppliers.
However, the payables turnover ratio started to decline again after March 2023, reaching 4.18 in June 2024. Despite the fluctuations, the overall trend indicates that YETI Holdings Inc has been managing its payables effectively, but there were periods of extending payment terms to suppliers.
A low payables turnover ratio may indicate that the company is taking longer to pay its suppliers, which could strain relationships or lead to potential liquidity issues. Conversely, a high payables turnover ratio may imply that the company is paying off its suppliers quickly, potentially indicating strong cash management practices.
Peer comparison
Dec 31, 2024