YETI Holdings Inc (YETI)
Working capital 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 current assets | US$ in thousands | 826,766 | 846,319 | 807,249 | 703,185 | 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 |
| Total current liabilities | US$ in thousands | 379,504 | 328,126 | 351,860 | 298,770 | 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 |
| Working capital turnover | 4.09 | 3.48 | 3.86 | 4.20 | 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 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,829,873K ÷ ($826,766K – $379,504K)
= 4.09
The working capital turnover ratio for YETI Holdings Inc has shown fluctuations over the analyzed periods. The ratio increased from 3.73 on March 31, 2020, to a peak of 5.78 on December 31, 2020, indicating that the company was able to efficiently utilize its working capital to generate sales revenue.
However, from March 31, 2021, the working capital turnover ratio started to decrease gradually, reaching its lowest point of 3.21 on December 31, 2023. This decline suggests a potential inefficiency in the management of working capital during this period, as the company was generating less revenue relative to the amount of working capital invested.
From March 31, 2024, there was a slight improvement in the working capital turnover ratio, which increased to 4.20 on that date, indicating a better utilization of working capital compared to the previous quarter. It is important for YETI Holdings Inc to closely monitor and manage its working capital turnover to ensure optimal efficiency in utilizing its resources to drive sales and profitability.
Peer comparison
Dec 31, 2024