Nu Skin Enterprises Inc (NUS)
Total asset 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 |
| Total assets | US$ in thousands | 1,806,460 | 1,820,970 | 1,906,480 | 1,957,080 | 1,769,010 |
| Total asset turnover | 1.07 | 1.21 | 1.40 | 1.31 | 1.36 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,941,710K ÷ $1,806,460K
= 1.07
The total asset turnover ratio for Nu Skin Enterprises, Inc. has shown a declining trend over the past five years. In 2023, the total asset turnover ratio was 1.09, indicating that the company generated $1.09 in sales for every $1 of assets. This is lower than the ratios of 1.22 in 2022, 1.41 in 2021, 1.32 in 2020, and 1.37 in 2019.
A decreasing total asset turnover ratio could suggest that Nu Skin Enterprises, Inc. is becoming less efficient in generating sales from its assets over time. This may be a cause for further investigation into the company's operational efficiency, asset management strategies, or changes in its business model that could impact the utilization of assets to drive revenue.
Overall, the decreasing trend in total asset turnover highlights the importance for Nu Skin Enterprises, Inc. to closely monitor and optimize its asset utilization efficiency to improve overall financial performance in the future.
Peer comparison
Dec 31, 2023