Name: Payables Turnover

Definition: Payables turnover shows how fast the company pays its suppliers for goods or services bought on credit. A high turnover means the company pays suppliers quickly, which may reflect strong cash flow or favorable terms. A very low turnover might mean the company is stretching payments to preserve cash — or possibly experiencing financial strain.

Interpretation:
• In '2021', YETI's payables turnover was 2.89, indicating how promptly the company pays its suppliers. Industry average for Recreational Games/Products/Toys in '2021' stood at 5.63.
• In '2022', YETI's payables turnover was 4.60, indicating how promptly the company pays its suppliers. The increase since '2021' reflects strengthening financial performance. Industry average for Recreational Games/Products/Toys in '2022' stood at 5.26. Industry average declined by 0.37 from previous year.
• In '2023', YETI's payables turnover was 3.77, indicating how promptly the company pays its suppliers. The decline from '2022' may indicate some operational or financial challenges. Industry average for Recreational Games/Products/Toys in '2023' stood at 5.30. Industry average increased by 0.04 compared to previous year.
• In '2024', YETI's payables turnover was 3.65, indicating how promptly the company pays its suppliers. The decline from '2023' may indicate some operational or financial challenges. Industry average for Recreational Games/Products/Toys in '2024' stood at 4.36. Industry average declined by 0.94 from previous year.
Overall, YETI's payables turnover has been volatile but showed an upward trend over the past 4 years.

Formula: Payables Turnover = Cost of Goods Sold / Average Accounts Payable

Good Range: Ranges 5-15 depending on industry.