YETI Holdings Inc (YETI)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.47 | 2.03 | 1.94 | 1.98 | 2.12 | 2.32 | 2.55 | 2.40 | 2.24 | 1.68 | 1.40 | 1.53 | 1.87 | 2.10 | 2.36 | 2.63 | 3.30 | 3.32 | 3.14 | 2.18 |
| Receivables turnover | 15.22 | 12.55 | 11.05 | 15.67 | 17.32 | 12.41 | 12.06 | — | 20.08 | — | — | — | 12.88 | — | — | — | — | — | — | — |
| 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 |
| Working capital turnover | 4.09 | 3.48 | 3.86 | 4.20 | 3.21 | 3.69 | 4.21 | 4.94 | 5.15 | 4.31 | 4.67 | 5.10 | 3.85 | 4.44 | 4.96 | 5.48 | 5.78 | 4.31 | 4.01 | 3.73 |
YETI Holdings Inc's inventory turnover ratio fluctuated over the years, indicating changes in how efficiently the company managed its inventory. The ratio decreased from 3.32 on September 30, 2020, to 1.40 on June 30, 2022, before gradually increasing to 2.47 on December 31, 2024. This suggests a potential improvement in inventory management towards the end of the period.
The receivables turnover ratio shows how many times the company collects its accounts receivable during a specific period. YETI had no data available for this ratio until December 31, 2021, where it was 12.88. The ratio continued to vary, with values ranging from 11.05 on June 30, 2024, to 17.32 on December 31, 2023. These fluctuations could indicate changes in the company's credit policies or the efficiency of its collections process.
On the payables turnover front, the ratio also experienced fluctuations during the period. It ranged from a high of 10.51 on June 30, 2020, to a low of 3.11 on December 31, 2021. Notably, the company made changes to its payables management practices, with some periods showing higher turnover rates while others had lower rates.
The working capital turnover ratio measures how effectively the company is utilizing its working capital to generate sales. YETI's working capital turnover varied over the period, with values ranging from 3.21 on December 31, 2023, to 5.78 on December 31, 2020. These fluctuations may suggest changes in the company's working capital management efficiency and its ability to generate sales relative to its working capital levels.
In summary, YETI Holdings Inc's activity ratios reflect fluctuations in inventory management, accounts receivable collection, payables management, and working capital efficiency over the period analyzed.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 147.63 | 179.93 | 188.46 | 184.18 | 172.01 | 157.33 | 143.18 | 151.87 | 162.97 | 216.99 | 261.61 | 238.82 | 195.65 | 174.14 | 154.85 | 138.89 | 110.47 | 109.87 | 116.27 | 167.23 |
| Days of sales outstanding (DSO) | days | 23.97 | 29.08 | 33.02 | 23.30 | 21.08 | 29.42 | 30.27 | — | 18.18 | — | — | — | 28.33 | — | — | — | — | — | — | — |
| Number of days of payables | days | 75.47 | 72.01 | 87.28 | 70.42 | 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 |
YETI Holdings Inc's Days of Inventory on Hand (DOH) ratio has shown fluctuations over the past few years, ranging from a low of 109.87 days in September 2020 to a high of 261.61 days in June 2022. This indicates that the company has experienced challenges in managing its inventory levels efficiently during this period.
The Days of Sales Outstanding (DSO) ratio, which measures how quickly the company collects on its sales, was not available for the earlier dates but showed an improvement from 28.33 days in December 2021 to 23.97 days in December 2024. This suggests that YETI has become more effective in collecting payments from its customers in a timely manner.
In terms of the Number of Days of Payables ratio, which reflects how long it takes the company to pay its suppliers, YETI has maintained relatively stable payment cycles over the years. The ratio ranged from a low of 34.72 days in June 2020 to a high of 117.39 days in December 2021. This indicates that the company has been managing its payables effectively, neither delaying payments excessively nor paying too early.
In conclusion, YETI Holdings Inc has exhibited fluctuations in its inventory management efficiency, improvements in its sales collection process, and stability in its payment practices over the years. These activity ratios provide insights into the company's operational effectiveness and financial performance.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 15.17 | 13.76 | 13.33 | 13.06 | 13.33 | 12.00 | 12.04 | 12.85 | 13.63 | 12.39 | 11.94 | 11.76 | 12.87 | 13.59 | 13.91 | 13.43 | 14.15 | 13.62 | 12.42 | 11.65 |
| Total asset turnover | 1.42 | 1.42 | 1.43 | 1.52 | 1.28 | 1.37 | 1.46 | 1.59 | 1.48 | 1.62 | 1.44 | 1.50 | 1.29 | 1.42 | 1.48 | 1.59 | 1.48 | 1.42 | 1.51 | 1.40 |
YETI Holdings Inc's long-term activity ratios indicate how efficiently the company utilizes its fixed and total assets to generate sales.
1. Fixed Asset Turnover:
- YETI's Fixed Asset Turnover ratio has been relatively stable over the years, ranging from 11.65 to 15.17.
- The ratio shows that, on average, YETI generates between 11.65 to 15.17 in sales for every dollar invested in fixed assets.
- The gradual increase in the ratio over time suggests that YETI is becoming more efficient in utilizing its fixed assets to generate revenue.
2. Total Asset Turnover:
- YETI's Total Asset Turnover ratio has shown some fluctuations, ranging from 1.28 to 1.62.
- The ratio indicates that YETI generates between 1.28 to 1.62 in sales for every dollar of total assets.
- The fluctuations in the ratio suggest varying levels of efficiency in utilizing both fixed and current assets to generate sales.
Overall, YETI's long-term activity ratios demonstrate the company's ability to efficiently utilize its assets to generate sales, with a slight improvement in fixed asset turnover and some fluctuations in total asset turnover over the years. Further analysis and comparison with industry averages can provide additional insights into YETI's asset utilization efficiency.