Nu Skin Enterprises Inc (NUS)
Receivables 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 |
| Receivables | US$ in thousands | 72,879 | 77,251 | 67,166 | 60,008 | 47,360 | 47,991 | 43,694 | 52,171 | 41,299 | 52,441 | 64,701 | 60,625 | 63,370 | 60,016 | 64,371 | 43,973 | 50,378 | 56,342 | 61,571 | 57,390 |
| Receivables turnover | 26.68 | 25.77 | 30.22 | 34.83 | 46.68 | 49.26 | 56.50 | 50.10 | 65.07 | 52.69 | 43.67 | 45.08 | 40.54 | 40.02 | 35.53 | 52.24 | 47.78 | 44.31 | 41.94 | 46.40 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,944,626K ÷ $72,879K
= 26.68
The receivables turnover ratio for Nu Skin Enterprises, Inc. has been fluctuating over the past eight quarters, ranging from a low of 25.93 to a high of 56.76. This ratio measures how efficiently the company is able to collect outstanding receivables from its customers during a given period.
A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more quickly, which is generally seen as a positive sign of strong financial health and effective credit management. On the other hand, a lower ratio may suggest that the company is facing difficulties in collecting its receivables promptly, which could potentially impact its liquidity and cash flow.
In the most recent quarter, Q4 2023, the receivables turnover ratio stood at 27.02, which indicates that the company collected its outstanding receivables 27.02 times during the quarter. This ratio was lower compared to the previous quarter, Q3 2023, but still within a reasonable range.
Overall, Nu Skin Enterprises, Inc. should monitor its receivables turnover ratio consistently to ensure efficient credit management and cash flow optimization.
Peer comparison
Dec 31, 2023