YETI Holdings Inc (YETI)
Operating profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 225,458 | 83,564 | 90,154 | 108,169 | 126,361 | 263,838 | 264,100 | 268,179 | 274,938 | 262,629 | 264,012 | 238,120 | 214,233 | 144,789 | 108,682 | 97,149 | 89,771 | 115,391 |
| 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 |
| Operating profit margin | 13.59% | 5.27% | 5.68% | 6.74% | 7.92% | 16.59% | 17.38% | 18.41% | 19.49% | 19.55% | 20.70% | 20.44% | 19.62% | 14.29% | 11.46% | 10.41% | 9.82% | 13.46% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $225,458K ÷ $1,658,713K
= 13.59%
The operating profit margin of YETI Holdings Inc has exhibited some fluctuations over the past few quarters. It decreased from 13.46% in December 2019 to 9.82% in March 2020, likely impacted by external factors such as economic conditions or operational challenges.
Despite some variation, the operating profit margin showed a gradual increase from 9.82% in March 2020 to 13.59% in December 2023. This indicates an improvement in the company's ability to generate profits from its core business operations over time.
The significant jump in operating profit margin from September 2022 (14.29%) to December 2022 (16.59%) suggests a positive trend in the company's operational efficiency and profitability during that period. However, the subsequent decrease in the operating profit margin in the following quarters raises questions about the sustainability of this improvement.
Overall, the operating profit margin trend of YETI Holdings Inc reflects both positive and negative fluctuations, highlighting the importance of monitoring operational performance consistently to ensure long-term profitability and sustainability.
Peer comparison
Dec 31, 2023