Nu Skin Enterprises Inc (NUS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 44.15 | 39.46 | 49.60 | 35.55 | 56.00 | |
| Number of days of payables | days | 8.27 | 9.25 | 7.36 | 10.27 | 6.52 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 44.15
= 8.27
The number of days of payables for Nu Skin Enterprises, Inc. has fluctuated over the past five years. In 2023, the company took an average of 25.95 days to pay its suppliers, which is a significant improvement from 31.22 days in 2022. This indicates that in 2023, Nu Skin Enterprises has been managing its payables more efficiently compared to the previous year.
The trend over the five-year period shows some variability, with the number of days of payables ranging from 24.47 days in 2019 to 36.71 days in 2020. This suggests that the company has been actively managing its payables turnover to ensure timely payment to suppliers while also optimizing its cash flow position.
Overall, the decreasing trend in the number of days of payables in 2023 compared to the previous years indicates an improvement in the company's liquidity position and efficient management of its accounts payable. It shows that Nu Skin Enterprises has been able to negotiate favorable credit terms with its suppliers and is effectively managing its working capital.
Peer comparison
Dec 31, 2023