YETI Holdings Inc (YETI)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 226,888 | 120,643 | 271,749 | 214,356 | 89,037 |
| Long-term debt | US$ in thousands | 78,645 | 71,741 | 95,741 | 111,017 | 281,715 |
| Total stockholders’ equity | US$ in thousands | 723,610 | 526,477 | 517,823 | 288,418 | 122,005 |
| Return on total capital | 28.28% | 20.17% | 44.29% | 53.66% | 22.05% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $226,888K ÷ ($78,645K + $723,610K)
= 28.28%
The return on total capital for YETI Holdings Inc has varied over the past five years. In 2023, the return on total capital was 28.28%, showing an improvement compared to the previous year's 20.17%. However, this figure was lower compared to the exceptionally high returns seen in 2021 (44.29%) and 2020 (53.66%). The lowest return on total capital in the provided period was in 2019 at 22.05%.
These fluctuations in the return on total capital indicate that YETI Holdings Inc's ability to generate profits relative to its total capital employed has been inconsistent. Further analysis and comparison with industry benchmarks may provide more insights into the company's efficiency in utilizing its capital to generate returns for its shareholders.
Peer comparison
Dec 31, 2023