YETI Holdings Inc (YETI)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 169,885 | 89,693 | 212,602 | 155,801 | 50,434 |
| Total assets | US$ in thousands | 1,297,190 | 1,076,760 | 1,096,360 | 737,067 | 629,539 |
| ROA | 13.10% | 8.33% | 19.39% | 21.14% | 8.01% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $169,885K ÷ $1,297,190K
= 13.10%
YETI Holdings Inc's return on assets (ROA) has exhibited fluctuations over the past five years. The ROA for the company was 13.10% at the end of December 2023, which represents an improvement compared to the previous year. In 2022, the ROA was 8.33%, indicating a moderate level of return generated from its assets. The ROA experienced a significant increase in 2021, reaching 19.39%, showcasing a more efficient utilization of assets to generate profits.
Furthermore, the ROA was even higher in 2020 at 21.14%, indicating a peak level of return generated from its assets in recent years. However, there was a notable decline in ROA in 2019, where it was at 8.01%, reflecting a decrease in the effectiveness of the company in utilizing its assets to generate profits.
Overall, the varying ROA figures suggest fluctuations in YETI Holdings Inc's asset efficiency and profitability over the five-year period, with the company achieving both peaks and downturns in generating returns from its assets. Analyses of trends and additional financial metrics would provide more insights into the company's financial performance and the factors influencing its ROA.
Peer comparison
Dec 31, 2023