YETI Holdings Inc (YETI)
Total asset 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 |
| Total assets | US$ in thousands | 1,286,120 | 1,297,190 | 1,076,760 | 1,096,360 | 737,067 |
| Total asset turnover | 1.42 | 1.28 | 1.48 | 1.29 | 1.48 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,829,870K ÷ $1,286,120K
= 1.42
The total asset turnover of YETI Holdings Inc has fluctuated over the past five years. In December 2020, the company's total asset turnover was 1.48, indicating that it generated $1.48 in revenue for every dollar of assets. However, there was a slight decrease in this ratio to 1.29 by December 2021, which suggests that the company's efficiency in generating sales from its assets declined.
Subsequently, there was a recovery as the total asset turnover increased to 1.48 by December 2022, returning to the initial level seen in 2020. However, the ratio declined again to 1.28 by December 2023, indicating a decrease in the company's ability to efficiently utilize its assets to generate revenue.
In the latest year, December 2024, the total asset turnover improved to 1.42, reflecting better efficiency in utilizing assets to generate sales compared to the previous year. Overall, the trend in total asset turnover for YETI Holdings Inc shows some fluctuations over the five-year period, with periods of improvement and decline in asset utilization efficiency.
Peer comparison
Dec 31, 2024