YETI Holdings Inc (YETI)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,658,710 | 1,595,220 | 1,410,990 | 1,091,720 | 913,734 |
| Receivables | US$ in thousands | 95,774 | 79,446 | 109,530 | 65,417 | 82,688 |
| Receivables turnover | 17.32 | 20.08 | 12.88 | 16.69 | 11.05 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,658,710K ÷ $95,774K
= 17.32
The receivables turnover for YETI Holdings Inc has shown fluctuations over the past five years. In 2023, the receivables turnover ratio was 17.32, indicating that YETI converted its accounts receivables into cash approximately 17.32 times during the year. This is a decrease from the previous year's turnover of 20.08.
The high turnover ratio in 2022 suggests that YETI effectively collected its outstanding receivables in a timely manner. On the other hand, the lower turnover ratios in 2021, 2020, and 2019 may indicate a slower collection of receivables during those years, which could potentially be a sign of credit policy issues or difficulties in collecting from customers.
Overall, YETI's receivables turnover has been decent over the past five years, with some fluctuations that could be further analyzed to understand the company's efficiency in managing its accounts receivables and collecting payments from customers.
Peer comparison
Dec 31, 2023