Nu Skin Enterprises Inc (NUS)

Total asset 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
Total assets	US$ in thousands	1,806,460	1,793,090	1,893,780	1,824,640	1,820,970	1,763,170	1,900,900	1,892,250	1,906,480	1,974,410	2,049,980	1,950,100	1,957,080	1,816,710	1,794,490	1,746,320	1,769,010	1,736,900	1,791,100	1,755,100
Total asset turnover		1.08	1.11	1.07	1.15	1.21	1.34	1.30	1.38	1.41	1.40	1.38	1.40	1.31	1.32	1.27	1.32	1.36	1.44	1.44	1.52

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,944,626K ÷ $1,806,460K
= 1.08

The total asset turnover ratio of Nu Skin Enterprises, Inc. has shown a declining trend over the past eight quarters. The ratio decreased from 1.22 in Q4 2022 to 1.09 in Q4 2023. This indicates that the company generated $1.09 in sales for every dollar of total assets in the most recent quarter. The decreasing trend suggests that Nu Skin Enterprises may be becoming less efficient in utilizing its assets to generate sales revenue. Further analysis and comparison with industry benchmarks may be needed to assess the company's overall operational efficiency and asset utilization.

Peer comparison

Dec 31, 2023

Company name

Symbol

Total asset turnover

Nu Skin Enterprises Inc

NUS

1.08