YETI Holdings Inc (YETI)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,829,870 | 1,658,710 | 1,595,220 | 1,410,990 | 1,091,720 |
| Receivables | US$ in thousands | 120,190 | 95,774 | 79,446 | 109,530 | 65,417 |
| Receivables turnover | 15.22 | 17.32 | 20.08 | 12.88 | 16.69 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,829,870K ÷ $120,190K
= 15.22
The receivables turnover ratio is an important metric that reflects how efficiently a company is collecting its accounts receivable. For YETI Holdings Inc, the receivables turnover has shown fluctuations over the years.
In 2020, the receivables turnover was 16.69 times, indicating that the company collected its receivables approximately 16.69 times during the year. However, this ratio decreased to 12.88 in 2021, suggesting a potential slowing in the collection of accounts receivable.
The ratio bounced back in 2022 to 20.08, indicating a significant improvement in collections efficiency. This suggests that YETI Holdings Inc was able to collect its receivables more frequently during that year.
In 2023, the receivables turnover ratio dipped slightly to 17.32, but it remained at a relatively efficient level compared to previous years.
By the end of 2024, the ratio dropped further to 15.22, implying a decrease in the frequency of collecting accounts receivable compared to the previous year.
Overall, fluctuations in the receivables turnover ratio for YETI Holdings Inc suggest varying levels of efficiency in collecting receivables over the years, which could be influenced by factors such as customer payment behavior, credit policies, and overall economic conditions.
Peer comparison
Dec 31, 2024