Nu Skin Enterprises Inc (NUS)
Working capital 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 current assets | US$ in thousands | 701,871 | 701,122 | 792,575 | 773,562 | 759,868 | 777,842 | 882,893 | 849,208 | 872,950 | 890,872 | 961,522 | 900,888 | 903,198 | 772,262 | 785,840 | 729,569 | 740,166 | 739,129 | 788,183 | 747,682 |
| Total current liabilities | US$ in thousands | 328,871 | 434,015 | 445,039 | 372,768 | 359,243 | 365,538 | 384,143 | 494,456 | 529,694 | 540,596 | 616,297 | 561,576 | 542,856 | 466,350 | 484,635 | 420,104 | 356,760 | 368,407 | 414,548 | 402,043 |
| Working capital turnover | 5.21 | 7.45 | 5.84 | 5.21 | 5.52 | 5.73 | 4.95 | 7.37 | 7.83 | 7.89 | 8.18 | 8.05 | 7.13 | 7.85 | 7.59 | 7.42 | 6.28 | 6.73 | 6.91 | 7.70 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,944,626K ÷ ($701,871K – $328,871K)
= 5.21
The working capital turnover ratio for Nu Skin Enterprises, Inc. fluctuated over the past eight quarters. The highest ratio was observed in Q3 2023 at 7.50, indicating that the company generated $7.50 in revenue for every dollar of working capital. This suggests that Nu Skin was efficient in utilizing its working capital to generate sales during that period.
However, the ratio decreased in Q4 2023 to 5.28, but still remained relatively high compared to previous quarters. This decrease may indicate that Nu Skin's working capital management was not as efficient in the most recent quarter.
Overall, the trend in working capital turnover ratios shows some variability, but the company generally maintained a good level of efficiency in utilizing its working capital to drive sales during the period analyzed.
Peer comparison
Dec 31, 2023