YETI Holdings Inc (YETI)
Receivables turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,658,713 | 1,586,916 | 1,586,911 | 1,604,390 | 1,595,222 | 1,590,351 | 1,519,438 | 1,457,063 | 1,410,989 | 1,343,632 | 1,275,592 | 1,164,863 | 1,091,721 | 1,013,555 | 948,077 | 932,793 | 913,734 | 857,311 | ||
| Receivables | US$ in thousands | 95,774 | 127,896 | 131,599 | — | 79,446 | — | — | — | 109,530 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 17.32 | 12.41 | 12.06 | — | 20.08 | — | — | — | 12.88 | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,658,713K ÷ $95,774K
= 17.32
The receivables turnover ratio for YETI Holdings Inc has shown varying trends over the past quarters.
As of December 31, 2023, the receivables turnover ratio was 17.32, indicating that the company collected its outstanding receivables approximately 17.32 times during the year. This represents an improvement compared to the previous quarter, where the ratio was 12.41.
It is important to note that the ratio was not available for some quarters, such as September 30, 2023, June 30, 2023, and some earlier periods.
Overall, a higher receivables turnover ratio suggests that YETI is efficient in collecting payments from its customers, which is a positive sign for the company's liquidity and cash flow management. However, further analysis would be needed to understand the factors driving the fluctuations in the receivables turnover ratio over time.
Peer comparison
Dec 31, 2023