YETI Holdings Inc (YETI)
Working capital 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 current assets | US$ in thousands | 914,405 | 791,332 | 721,924 | 654,886 | 718,920 | 644,668 | 717,025 | 635,942 | 770,167 | 632,198 | 561,161 | 465,736 | 476,497 | 454,703 | 367,414 | 400,645 | 360,547 | 331,772 | 312,995 | 266,374 |
| Total current liabilities | US$ in thousands | 398,353 | 360,829 | 344,916 | 329,799 | 409,040 | 275,631 | 391,408 | 350,067 | 403,713 | 329,875 | 304,005 | 253,011 | 287,759 | 219,552 | 131,166 | 150,577 | 170,312 | 201,097 | 198,166 | 172,502 |
| Working capital turnover | 3.21 | 3.69 | 4.21 | 4.94 | 5.15 | 4.31 | 4.67 | 5.10 | 3.85 | 4.44 | 4.96 | 5.48 | 5.78 | 4.31 | 4.01 | 3.73 | 4.80 | 6.56 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,658,713K ÷ ($914,405K – $398,353K)
= 3.21
YETI Holdings Inc's working capital turnover has shown a fluctuating trend over the past several quarters. The ratio indicates the efficiency of the company in generating sales revenue from its working capital. The data shows that the working capital turnover has generally been above 3, with some quarters reaching as high as 6.56, indicating that the company has been able to effectively utilize its working capital to generate sales.
The highest working capital turnover was observed in the quarter ending December 2019, at 6.56, suggesting a very efficient use of working capital to drive sales during that period. However, there has been some variability in the ratio over time, with the lowest value recorded in the quarter ending March 2020 at 3.73.
Overall, the trend in working capital turnover for YETI Holdings Inc shows that the company has been successful in efficiently converting its working capital into sales revenue, though there have been fluctuations in this efficiency over the quarters analyzed. Further analysis and comparison with industry peers may provide additional insights into the company's working capital management.
Peer comparison
Dec 31, 2023