Nu Skin Enterprises Inc (NUS)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.86 | 6.15 | 6.20 | 7.48 | 7.91 | |
| DOH | days | 53.21 | 59.35 | 58.87 | 48.78 | 46.14 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.86
= 53.21
The days of inventory on hand (DOH) for Nu Skin Enterprises, Inc. have exhibited variability over the last five years. In 2023, the DOH decreased to 167.02 days from 200.28 days in 2022. This suggests that the company was able to manage its inventory more efficiently in 2023 compared to the previous year. However, the DOH in 2023 was still higher compared to 2019 and 2020, indicating a longer holding period of inventory.
Overall, Nu Skin Enterprises, Inc. should continue to monitor and optimize its inventory management practices to reduce the number of days inventory is held on hand. A lower DOH generally indicates better inventory management efficiency, which can lead to cost savings and improved cash flow for the company.
Peer comparison
Dec 31, 2023