YETI Holdings Inc (YETI)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 740,107 | 723,610 | 526,477 | 517,823 | 288,418 |
| ROE | 23.74% | 23.48% | 17.04% | 41.06% | 54.02% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $175,689K ÷ $740,107K
= 23.74%
The return on equity (ROE) of YETI Holdings Inc has shown a declining trend over the years. Starting at a robust 54.02% on December 31, 2020, the ROE decreased to 41.06% by December 31, 2021. Subsequently, there was a more significant drop to 17.04% by December 31, 2022, indicating a decrease in the company's ability to generate profits from shareholders' equity.
However, there was a slight recovery in ROE as it rose to 23.48% by December 31, 2023, and further increased to 23.74% by December 31, 2024. Although the later years showed improvements, it is worth noting that the ROE has not yet returned to its initial level in 2020.
Overall, YETI Holdings Inc should focus on strategies to enhance its profitability and efficiency in utilizing shareholders' equity to boost its return on equity in the upcoming periods.
Peer comparison
Dec 31, 2024