YETI Holdings Inc (YETI)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 723,610 | 526,477 | 517,823 | 288,418 | 122,005 |
| ROE | 23.48% | 17.04% | 41.06% | 54.02% | 41.34% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $169,885K ÷ $723,610K
= 23.48%
Based on the data provided, YETI Holdings Inc's return on equity (ROE) has shown fluctuations over the past five years. In 2023, the ROE was 23.48%, which was an increase from the previous year's ROE of 17.04%. However, the ROE in 2023 was below the levels seen in 2020 and 2019, which were 54.02% and 41.34%, respectively. The highest ROE was recorded in 2020 at 54.02%, while the lowest was in 2018 at 17.04%.
The decreasing trend in ROE from 2020 to 2021 followed by an increase in 2022 and 2023 suggests some volatility in the company's profitability and efficiency in generating returns for its shareholders. Further analysis would be needed to understand the factors driving these fluctuations in ROE and to assess the financial health and performance of YETI Holdings Inc.
Peer comparison
Dec 31, 2023