YETI Holdings Inc (YETI)
Total asset 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 |
| Total assets | US$ in thousands | 1,297,190 | 1,076,760 | 1,096,360 | 737,067 | 629,539 |
| Total asset turnover | 1.28 | 1.48 | 1.29 | 1.48 | 1.45 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,658,710K ÷ $1,297,190K
= 1.28
YETI Holdings Inc's total asset turnover has fluctuated over the past five years. The ratio ranged from 1.28 in 2023 to 1.48 in 2022 and 2020, indicating a decrease in efficiency in utilizing its assets to generate sales in 2023. A higher total asset turnover generally suggests that the company is more efficient in generating sales revenue relative to its total assets. However, it is important to consider the industry benchmarks and compare the company's performance with its peers to gain further insights into its asset utilization efficiency.
Peer comparison
Dec 31, 2023
Company name
Symbol
Total asset turnover
YETI Holdings Inc
YETI
1.28
Callaway Golf Company
MODG
0.45