YETI Holdings Inc (YETI)
Total asset 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 |
| Total assets | US$ in thousands | 1,286,120 | 1,273,190 | 1,232,300 | 1,119,800 | 1,297,190 | 1,155,880 | 1,085,440 | 1,006,520 | 1,076,760 | 983,226 | 1,055,360 | 969,529 | 1,096,360 | 945,508 | 863,975 | 733,252 | 737,067 | 712,572 | 627,452 | 666,769 |
| Total asset turnover | 1.42 | 1.42 | 1.43 | 1.52 | 1.28 | 1.37 | 1.46 | 1.59 | 1.48 | 1.62 | 1.44 | 1.50 | 1.29 | 1.42 | 1.48 | 1.59 | 1.48 | 1.42 | 1.51 | 1.40 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,829,873K ÷ $1,286,120K
= 1.42
The total asset turnover ratio of YETI Holdings Inc has shown fluctuations over the analyzed period, ranging from a low of 1.28 in December 31, 2023, to a high of 1.62 in September 30, 2022. This ratio measures the efficiency of the company in generating revenue from its total assets, indicating how well the company utilizes its assets to generate sales.
Overall, the trend in total asset turnover shows some variability, with peaks and troughs observed throughout the periods. The company's ability to generate higher levels of revenue relative to its total assets improved in the earlier part of the period, with the ratio steadily increasing from March 31, 2020, to September 30, 2022. However, there was a decline in performance in the latter part of the analyzed period, with fluctuations around the 1.40 to 1.50 range.
It is important for YETI Holdings Inc to continue monitoring and managing its total asset turnover ratio effectively. A higher total asset turnover ratio generally indicates that the company is utilizing its assets efficiently to generate sales revenue, while a lower ratio may suggest underutilization of assets or inefficiencies in operations.
Further analysis and comparison with industry peers may provide additional insights into the company's asset management efficiency and competitive positioning.
Peer comparison
Dec 31, 2024