YETI Holdings Inc (YETI)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 175,689 | 169,885 | 89,693 | 212,602 | 155,801 |
| Total assets | US$ in thousands | 1,286,120 | 1,297,190 | 1,076,760 | 1,096,360 | 737,067 |
| ROA | 13.66% | 13.10% | 8.33% | 19.39% | 21.14% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $175,689K ÷ $1,286,120K
= 13.66%
The return on assets (ROA) for YETI Holdings Inc has shown fluctuating trends over the past five years.
- In 2020, the ROA was 21.14%, indicating that the company generated $0.2114 in profit for every dollar of assets it owned.
- By 2021, the ROA decreased to 19.39%, suggesting a slight decline in the company's ability to generate profit from its assets.
- In 2022, there was a significant drop in ROA to 8.33%, signaling a substantial decrease in the company's profitability relative to its asset base.
- However, in 2023, there was a rebound in ROA to 13.10%, indicating an improvement in the company's profitability from its assets.
- By the end of 2024, the ROA further increased to 13.66%, showcasing continued improvement in YETI Holdings Inc's ability to generate profit from its asset base.
Overall, YETI Holdings Inc has demonstrated varying levels of efficiency in utilizing its assets to generate profits over the past five years, with some fluctuations in performance. Further analysis of the company's operations and financial strategies may provide insight into the factors driving these changes in ROA.
Peer comparison
Dec 31, 2024