YETI Holdings Inc (YETI)
Total asset 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 | ||
| Total assets | US$ in thousands | 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 | 629,539 | 559,695 | 540,436 | 495,786 |
| Total asset turnover | 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 | 1.45 | 1.53 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,658,713K ÷ $1,297,190K
= 1.28
The total asset turnover of YETI Holdings Inc has shown fluctuations over the periods presented. The ratio measures the efficiency of the company in generating sales from its total assets. A higher total asset turnover indicates that the company is effectively utilizing its assets to generate revenue.
From the data provided, we can observe that the total asset turnover has ranged from 1.28 to 1.62 over the periods shown. The trend has been somewhat cyclical, with periods of increase followed by mild decreases. This variability might suggest changes in the company's operational efficiency and asset utilization over time.
On average, the total asset turnover for YETI Holdings Inc appears to be around 1.45, indicating that the company generates $1.45 in sales for every $1 of total assets. Further analysis of the company's financial performance and operational strategies could provide insights into the factors influencing these fluctuations in total asset turnover.
Peer comparison
Dec 31, 2023