YETI Holdings Inc (YETI)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | ||
| Total assets | US$ in thousands | 1,297,190 | 1,155,880 | 1,085,440 | 1,006,520 | 1,076,760 | 983,226 | 1,055,360 | 969,529 | 1,096,360 | 945,508 | 863,975 | 733,252 | 737,067 | 712,572 | 627,452 | 666,769 | 629,539 | 559,695 | 540,436 | 495,786 |
| Operating ROA | 17.38% | 7.23% | 8.31% | 10.75% | 11.74% | 26.83% | 25.02% | 27.66% | 25.08% | 27.78% | 30.56% | 32.47% | 29.07% | 20.32% | 17.32% | 14.57% | 14.26% | 20.62% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $225,458K ÷ $1,297,190K
= 17.38%
Operating return on assets (ROA) is a key financial ratio that measures a company's ability to generate profits from its operating activities relative to the total assets it possesses. YETI Holdings Inc has shown fluctuating operating ROA figures over the past few quarters.
The operating ROA for the most recent quarter, as of December 31, 2023, stands at 17.38%, signifying that YETI generated $0.1738 in operating income for every dollar of assets it owns. This indicates a strong performance in efficiently utilizing its assets to generate operating profits.
The operating ROA figures for the previous quarters ranged from a low of 7.23% in September 2023 to a high of 32.47% in March 2021. The company witnessed a significant drop in the operating ROA in the earlier part of 2022 but has since shown signs of improvement.
Overall, YETI's operating ROA has demonstrated variability but indicates that the company has been effective in generating operating income relative to its asset base. It is essential for investors and stakeholders to monitor this ratio over time to assess the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023