Nu Skin Enterprises Inc (NUS)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.86 | 6.73 | 5.35 | 5.57 | 6.15 | 7.00 | 6.52 | 6.34 | 6.20 | 6.02 | 6.52 | 6.84 | 7.48 | 8.22 | 8.07 | 8.19 | 8.17 | 8.47 | 8.45 | 8.36 | |
| DOH | days | 53.21 | 54.22 | 68.21 | 65.51 | 59.35 | 52.17 | 56.00 | 57.59 | 58.87 | 60.68 | 55.95 | 53.37 | 48.78 | 44.38 | 45.23 | 44.56 | 44.69 | 43.09 | 43.22 | 43.66 |
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. fluctuated over the eight quarters analyzed. In Q2 2023, the company had the highest DOH of 230.12 days, indicating that it takes a significant amount of time for Nu Skin to sell its inventory. This may suggest potential issues with inventory management, potentially leading to higher carrying costs and lower liquidity.
Conversely, in Q4 2023, the DOH decreased to 167.02 days, which indicates an improvement in inventory turnover efficiency. This decrease may signal that Nu Skin has taken steps to optimize its inventory levels, which could lead to lower holding costs and better cash flow management.
Overall, Nu Skin Enterprises should continue monitoring and managing its inventory levels effectively to achieve a balance between stock availability and cost efficiency. A decreasing trend in DOH could signal improved operational performance and financial health for the company.
Peer comparison
Dec 31, 2023