YETI Holdings Inc (YETI)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 56.86% | 47.86% | 57.84% | 57.60% | 52.02% |
| Operating profit margin | 13.59% | 7.92% | 19.49% | 19.62% | 9.82% |
| Pretax margin | 13.62% | 7.28% | 19.02% | 18.80% | 7.36% |
| Net profit margin | 10.24% | 5.62% | 15.07% | 14.27% | 5.52% |
YETI Holdings Inc has demonstrated a consistent improvement in its profitability ratios over the past five years. The gross profit margin has generally shown an upward trend, reaching 56.86% in 2023, indicating the company's ability to effectively manage its production costs and generate profits from its sales.
The operating profit margin has also exhibited positive growth, increasing from 7.92% in 2022 to 13.59% in 2023. This suggests that YETI has been able to control its operating expenses and improve its operational efficiency, leading to higher profitability at the operating level.
Similarly, the pretax margin and net profit margin have shown significant improvements over the years, reflecting the company's success in increasing its income relative to its revenue. The pretax margin rose to 13.62% in 2023, while the net profit margin reached 10.24% in the same year.
Overall, YETI Holdings Inc's profitability ratios demonstrate a consistent positive trend, indicating the company's strong performance and effective management of its financial resources.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 17.38% | 11.74% | 25.08% | 29.07% | 14.26% |
| Return on assets (ROA) | 13.10% | 8.33% | 19.39% | 21.14% | 8.01% |
| Return on total capital | 28.28% | 20.17% | 44.29% | 53.66% | 22.05% |
| Return on equity (ROE) | 23.48% | 17.04% | 41.06% | 54.02% | 41.34% |
YETI Holdings Inc has shown a consistent trend of profitability over the years, as indicated by key profitability ratios.
1. Operating return on assets (Operating ROA) has fluctuated over the past five years, with the highest being in 2021 at 25.08% and the lowest in 2019 at 14.26%. The ratio stood at 17.38% in 2023, indicating that for every dollar of assets, the company generated approximately 17.38 cents in operating profit.
2. Return on assets (ROA) has also shown a similar trend, with fluctuations over the years. The highest ROA was in 2021 at 19.39%, and the lowest was in 2019 at 8.01%. In 2023, the ROA was recorded at 13.10%, indicating that the company generated approximately 13.10 cents in net profit for every dollar of assets.
3. Return on total capital has also varied, with the highest ratio in 2021 at 44.29% and the lowest in 2019 at 22.05%. In 2023, the ratio was 28.28%, highlighting the company's ability to generate profits from both equity and debt capital.
4. Return on equity (ROE) shows a consistent increase from 2019 to 2021, with the highest ROE in 2021 at 41.06%. However, there was a slight dip in 2023 to 23.48%, indicating that the company's ability to generate profits from shareholders' equity decreased slightly but remained strong.
Overall, YETI Holdings Inc has maintained healthy profitability levels over the years, with positive trends in key profitability ratios, demonstrating efficient management of assets, capital, and equity to generate profits.