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ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. YETI Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.01%.
The historical data trend for YETI Holdings's ROCE % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
YETI Holdings Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 22.84 | 47.16 | 48.15 | 18.58 | 28.78 |
YETI Holdings Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
ROCE % | Get a 7-Day Free Trial | 8.98 | 28.41 | 32.24 | 46.36 | 12.01 |
YETI Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 225.458 | / | ( ( (1076.765 - 409.04) | + | (1297.192 - 398.353) ) | / 2 ) | |
= | 225.458 | / | ( (667.725 | + | 898.839) | / 2 ) | |
= | 225.458 | / | 783.282 | ||||
= | 28.78 % |
YETI Holdings's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | 103.268 | / | ( ( (1297.192 - 398.353) | + | (1119.804 - 298.77) ) | / 2 ) | |
= | 103.268 | / | ( ( 898.839 | + | 821.034 ) | / 2 ) | |
= | 103.268 | / | 859.9365 | ||||
= | 12.01 % |
(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
YETI Holdings (NYSE:YETI) ROCE % Explanation
ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.
Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.
Thank you for viewing the detailed overview of YETI Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael John Mcmullen | officer: Interim CFO | 7601 SOUTHWEST PARKWAY, AUSTIN TX 78735 |
Martin Duff | officer: SVP Supply Chain & Operations | 7601 SOUTHWEST PARKWAY, AUSTIN TX 78735 |
Syed Faiz Ahmad | officer: Chief Commercial Officer | 7601 SOUTHWEST PARKWAY, AUSTIN TX 78735 |
Matthew J Reintjes | director, officer: President and CEO | 5301 SOUTHWEST PARKWAY, SUITE 200, AUSTIN TX 78735 |
Kirk A Zambetti | officer: SVP of Sales | 7601 SOUTHWEST PARKWAY, AUSTIN TX 78735 |
Bryan C. Barksdale | officer: SVP, GC and Secretary | 7601 SOUTHWEST PARKWAY, AUSTIN TX 78735 |
Hollie Sammons Castro | officer: SVP of Talent | 2101 CITYWEST BLVD., HOUSTON TX 77042 |
Paul C Carbone | officer: SVP and CFO | YETI HOLDING, INC., 7601 SOUTHWEST PARKWAY, AUSTIN TX 78735 |
Roy J Seiders | director, 10 percent owner | 5301 SOUTHWEST PARKWAY, SUITE 200, AUSTIN TX 78735 |
Alison Dean | director | C/O IROBOT CORPORATION, 63 SOUTH AVENUE, BURLINGTON MA 01803 |
Tracey D Brown | director | 675 AVENUE OF THE AMERICAS, 6TH FLOOR, NEW YORK NY 10010 |
Cortec Group Gp, Llc | 10 percent owner | 140 EAST 45TH STREET, 43RD FLOOR, NEW YORK NY 10017 |
Mary Lou Kelley | director | 7601 PENN AVENUE SOUTH, RICHFIELD MN 55423 |
Michael K Kienitz | officer: SVP, Operations | 7601 SOUTHWEST PARKWAY, AUSTIN TX 78735 |
Frank D Gibeau | director | 699 8TH STREET, C/O ZYNGA INC., SAN FRANCISCO CA 94103 |
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