Nu Skin Enterprises Inc (NUS)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,941,710 | 2,203,880 | 2,670,250 | 2,570,960 | 2,403,130 |
| Receivables | US$ in thousands | 72,879 | 47,360 | 41,299 | 63,370 | 50,378 |
| Receivables turnover | 26.64 | 46.53 | 64.66 | 40.57 | 47.70 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,941,710K ÷ $72,879K
= 26.64
The receivables turnover ratio for Nu Skin Enterprises, Inc. has fluctuated over the past five years, indicating variations in how effectively the company collects its accounts receivable. In 2023, the receivables turnover ratio was 27.02, reflecting a decrease from the previous year but remaining relatively high compared to 2021 and 2020. This suggests that Nu Skin Enterprises took approximately 27.02 days to collect its accounts receivable during the year.
The significant decrease in receivables turnover from 2022 to 2023 may signal a potential issue with the company's collection process or a change in its sales credit policies. However, it is important to note that the company was still able to collect its receivables efficiently overall.
Analyzing the trend over the five-year period, we observe relatively high receivables turnover ratios in 2021 and 2019, indicating that Nu Skin Enterprises was more efficient in collecting its receivables in those years compared to 2020, 2022, and 2023. These fluctuations may be influenced by various factors such as changes in sales volume, customer payment behavior, or credit terms offered by the company.
Overall, while the receivables turnover ratios have varied over the years, Nu Skin Enterprises generally demonstrates a strong ability to efficiently collect its accounts receivable, albeit with some fluctuations in performance.
Peer comparison
Dec 31, 2023