Nu Skin Enterprises Inc (NUS)
Payables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,920,558 | 1,959,749 | 1,991,991 | 2,042,271 | 2,129,183 | 2,290,967 | 2,308,710 | 2,418,361 | 2,479,775 | 2,497,690 | 2,550,447 | 2,485,454 | 2,352,193 | 2,223,254 | 2,114,177 | 2,109,183 | 2,253,390 | 2,397,266 | 2,471,861 | 2,543,989 |
| Payables | US$ in thousands | 43,505 | 48,583 | 49,529 | 49,494 | 53,963 | 41,620 | 55,013 | 40,719 | 49,993 | 52,023 | 60,632 | 67,083 | 66,174 | 55,298 | 51,655 | 39,891 | 38,979 | 39,404 | 48,551 | 52,273 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,920,558K ÷ $43,505K
= 44.15
The payables turnover of Nu Skin Enterprises, Inc. has shown some fluctuations over the past eight quarters. The ratio peaked at 16.36 in Q1 2022 but then dropped to 11.68 in Q2 2022 before experiencing another increase. In the most recent quarter, Q4 2023, the payables turnover stood at 14.06.
Overall, a higher payables turnover ratio indicates that the company is managing its accounts payables more efficiently, paying off its suppliers more frequently within a given period. This could be a positive sign of strong supplier relationships or effective working capital management.
While the fluctuation in the payables turnover ratio could be influenced by various factors, such as changes in purchasing behavior, payment terms negotiation with suppliers, or internal operational efficiency, it would be prudent to monitor this ratio over time to assess the company's ability to effectively manage its payables.
Peer comparison
Dec 31, 2023