YETI Holdings Inc (YETI)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,829,873 | 1,803,126 | 1,758,247 | 1,697,311 | 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 |
| Receivables | US$ in thousands | 120,190 | 143,673 | 159,050 | 108,350 | 95,774 | 127,896 | 131,599 | — | 79,446 | — | — | — | 109,530 | — | — | — | — | — | — | — |
| Receivables turnover | 15.22 | 12.55 | 11.05 | 15.67 | 17.32 | 12.41 | 12.06 | — | 20.08 | — | — | — | 12.88 | — | — | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,829,873K ÷ $120,190K
= 15.22
The receivables turnover ratio for YETI Holdings Inc has shown fluctuations over the reported periods. As of December 31, 2021, the ratio was 12.88, indicating that the company collected its accounts receivable approximately 12.88 times during the year. The ratio increased to 20.08 by December 31, 2022, which suggests an improvement in the efficiency of collecting receivables.
Subsequently, the ratio decreased to 12.06 by June 30, 2023, and then slightly increased to 12.41 by September 30, 2023. This indicates a moderate level of consistency in collecting receivables during these periods. By December 31, 2023, the ratio increased to 17.32, signifying a more efficient collection of accounts receivable.
As of March 31, 2024, the ratio decreased to 15.67, followed by a further decline to 11.05 by June 30, 2024. However, the ratio improved to 12.55 by September 30, 2024, and then increased to 15.22 by December 31, 2024.
Overall, the receivables turnover ratio for YETI Holdings Inc has shown variability over the reporting periods, with some fluctuations indicating changes in the company's ability to efficiently collect on credit sales. It is essential for the company to consistently monitor and manage its receivables turnover to ensure prompt collection and maintain healthy cash flows.
Peer comparison
Dec 31, 2024