YETI Holdings Inc (YETI)
Working capital 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 current assets | US$ in thousands | 826,766 | 914,405 | 718,920 | 770,167 | 476,497 |
| Total current liabilities | US$ in thousands | 379,504 | 398,353 | 409,040 | 403,713 | 287,759 |
| Working capital turnover | 4.09 | 3.21 | 5.15 | 3.85 | 5.78 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,829,870K ÷ ($826,766K – $379,504K)
= 4.09
The working capital turnover of YETI Holdings Inc has shown fluctuations over the past five years. In 2020, the ratio was 5.78, indicating that the company generated $5.78 in revenue for every dollar of working capital. However, this metric decreased to 3.85 in 2021, suggesting a decrease in efficiency in utilizing working capital to generate sales.
In 2022, there was an improvement as the working capital turnover increased to 5.15, indicating a more efficient use of working capital. However, this improvement was not sustained as the ratio declined to 3.21 in 2023, representing a potential inefficiency in managing working capital during that year.
In 2024, the working capital turnover slightly improved to 4.09, indicating a moderate efficiency in generating revenue from working capital. Overall, the trend in the working capital turnover ratio for YETI Holdings Inc has been somewhat erratic, showing periods of both efficiency and inefficiency in utilizing working capital to drive sales.
Peer comparison
Dec 31, 2024