YETI Holdings Inc (YETI)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 225,458 | 126,361 | 274,938 | 214,233 | 89,771 |
| Total assets | US$ in thousands | 1,297,190 | 1,076,760 | 1,096,360 | 737,067 | 629,539 |
| Operating ROA | 17.38% | 11.74% | 25.08% | 29.07% | 14.26% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $225,458K ÷ $1,297,190K
= 17.38%
YETI Holdings Inc's operating return on assets (operating ROA) has displayed fluctuating performance over the past five years. The operating ROA for the company as of December 31, 2023, stands at 17.38%, reflecting a significant increase from the prior year. However, compared to the peak performance in 2021 at 25.08%, the current operating ROA remains below that level.
The upward trend in the operating ROA from 2019 to 2021 indicates improved efficiency in generating operating income relative to its total assets during those years. However, the decrease in 2022 and subsequent increase in 2023 suggests some volatility in the company's operational efficiency.
Overall, YETI Holdings Inc's operating ROA, while showing fluctuations, indicates a generally positive ability to generate operating income from its assets, albeit with some variability in performance over the years analyzed. Further analysis and comparison with industry peers may provide additional insights into the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023