Nu Skin Enterprises Inc (NUS)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	1,944,626	1,990,615	2,029,718	2,090,140	2,210,639	2,364,066	2,468,741	2,613,985	2,687,485	2,763,351	2,825,346	2,732,970	2,569,220	2,401,760	2,287,272	2,297,348	2,406,817	2,496,665	2,582,043	2,662,733
Property, plant and equipment	US$ in thousands	432,965	428,932	430,328	437,986	444,806	433,367	443,036	448,822	453,674	464,049	474,167	464,247	468,181	456,083	444,848	449,486	453,604	447,653	442,990	445,605
Fixed asset turnover		4.49	4.64	4.72	4.77	4.97	5.46	5.57	5.82	5.92	5.95	5.96	5.89	5.49	5.27	5.14	5.11	5.31	5.58	5.83	5.98

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,944,626K ÷ $432,965K
= 4.49

The fixed asset turnover for Nu Skin Enterprises, Inc. has shown a decreasing trend over the past eight quarters, with values ranging from 5.00 in Q4 2022 to 4.55 in Q4 2023. This indicates that the company is generating less revenue for each dollar invested in fixed assets over time. A ratio below 1 suggests that the company is inefficient in utilizing its fixed assets to generate sales. This downward trend may signal potential issues with asset utilization efficiency that management should investigate further to improve operational performance and profitability.

Peer comparison

Dec 31, 2023

Company name

Symbol

Fixed asset turnover

Nu Skin Enterprises Inc

NUS

4.49