Nu Skin Enterprises Inc (NUS)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 44.15 | 40.34 | 40.22 | 41.26 | 39.46 | 55.04 | 41.97 | 59.39 | 49.60 | 48.01 | 42.06 | 37.05 | 35.55 | 40.20 | 40.93 | 52.87 | 57.81 | 60.84 | 50.91 | 48.67 | |
| Number of days of payables | days | 8.27 | 9.05 | 9.08 | 8.85 | 9.25 | 6.63 | 8.70 | 6.15 | 7.36 | 7.60 | 8.68 | 9.85 | 10.27 | 9.08 | 8.92 | 6.90 | 6.31 | 6.00 | 7.17 | 7.50 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 44.15
= 8.27
Nu Skin Enterprises, Inc.'s number of days of payables has shown some fluctuations over the past eight quarters. In Q4 2023, the company's number of days of payables was 25.95 days, which indicates that on average, Nu Skin takes approximately 26 days to pay its suppliers. This figure was slightly lower than the previous quarter's 28.44 days and continues a decreasing trend from the peak of 31.26 days in Q2 2022.
The trend of decreasing number of days of payables suggests that Nu Skin may be managing its payables more efficiently by paying its suppliers more quickly. A lower number of days of payables could indicate strong vendor relationships, negotiated favorable payment terms, or improved cash management practices.
However, it is essential to note that a significant decrease in the number of days of payables could also signal potential liquidity concerns or an inability to meet payment obligations promptly. Therefore, while a decreasing trend in this ratio can be positive, it is crucial for Nu Skin to strike a balance between managing its payables effectively and maintaining healthy cash flow.
Peer comparison
Dec 31, 2023