Overview
Initial Project: Financial Analysis of Yeti Holdings, Inc.
Overview
This initial project will focus on analyzing Yeti Holdings, Inc. using its 2024 annual financial statement (10-K) filed with the U.S. Securities and Exchange Commission. The purpose of this project is to help you understand and apply key financial analysis techniques that will be used throughout the course. Each group will also analyze another company from the provided list in the final project, but the Yeti analysis serves as a foundational step to learn the skills necessary for the final project.
Group Formation
Each group consists of five members. As a group, you will work together to complete the analysis and provide a comprehensive report for Yeti Holdings, Inc.
Project Tasks
1. Find Yeti Holdings, Inc.'s 2024 10-K Report:
- Download and review the Yeti Holdings, Inc. 2023 annual financial statement (10-K filed in 2024) from the U.S. Securities and Exchange Commission (SEC) website
- 2. Excel Workbook: posted in files
- Complete the Questions: Using the Excel workbook provided in the Initial Analysis Project Module, answer the questions based on the data found in Yeti's 10-K. The questions cover various financial topics and are designed to test your ability to extract and analyze information.
- Vertical and Horizontal Analysis:
- Perform Vertical Analysis and Horizontal Analysis for both the Balance Sheet and Income Statement. Each analysis should be placed in separate tabs in the same Excel workbook. Provide two years' analysis for each statement. You may need to download information from the 2022 annual financial statement to complete this.
- Formulas must be used to calculate the percentages for vertical analysis and the changes for horizontal analysis.
- Company Ratios Schedule:
- Create a separate schedule detailing the calculations for the ratios (e.g., Current Ratio, AR Turnover, Debt to Equity, etc.) as outlined in the “Company Ratios” section.
- In the calculation column, input the values used in each portion of the formula (For example: Current Assets = 100, Current Liabilities = 100, Current Ratio = 100/100).
- Ensure all formulas are correctly applied and clearly label your calculations.
- Opinion Section:
- After completing the financial analysis, each group must provide an opinion on whether they would:
1. Lend money to Yeti Holdings, Inc.
2. Invest in Yeti Holdings, Inc.
- Justify your decision based on your analysis of the company’s financial health, including the ratios, trends, and overall financial performance.
3. File Submission:
- The completed Excel workbook should be titled as follows:
Acctg326_Sec#_Group#_Yeti_Analysis
(For example: "Acctg326_Sec1_Group3_Yeti_Analysis")