YETI Holdings Inc (YETI)
Return on total capital
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 226,912 | 87,290 | 90,634 | 101,544 | 120,632 | 250,928 | 257,232 | 266,190 | 271,749 | 261,280 | 263,820 | 239,789 | 214,362 | 143,233 | 106,904 | 94,514 | 89,024 | 114,211 | ||
| Long-term debt | US$ in thousands | 78,645 | 79,529 | 81,106 | 65,719 | 71,741 | 77,756 | 83,575 | 89,574 | 95,741 | 101,723 | 107,756 | 105,518 | 111,017 | 215,823 | 270,846 | 326,282 | 281,715 | 252,694 | 263,258 | 273,825 |
| Total stockholders’ equity | US$ in thousands | 723,610 | 638,785 | 587,206 | 542,561 | 526,477 | 550,661 | 499,861 | 446,367 | 517,823 | 439,640 | 384,094 | 321,275 | 288,418 | 222,633 | 169,029 | 131,647 | 122,005 | 87,860 | 63,952 | 35,471 |
| Return on total capital | 28.28% | 12.15% | 13.56% | 16.69% | 20.17% | 39.93% | 44.09% | 49.67% | 44.29% | 48.26% | 53.64% | 56.18% | 53.67% | 32.67% | 24.30% | 20.64% | 22.05% | 33.54% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $226,912K ÷ ($78,645K + $723,610K)
= 28.28%
The return on total capital for YETI Holdings Inc has shown fluctuations over the past few quarters, ranging from 12.15% to 56.18%. In general, the company has maintained a relatively healthy return on total capital, indicating its ability to generate profits from its capital investments. The significant increase in the return on total capital in the June 2021 quarter to 56.18% is noteworthy, suggesting a period of strong profitability. However, it is important to note the subsequent decrease in returns in the following quarters. Overall, the company's ability to efficiently utilize its total capital to generate returns is a positive indicator of its financial performance and management effectiveness.
Peer comparison
Dec 31, 2023