Nu Skin Enterprises Inc (NUS)
Quick ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 256,057 | 233,314 | 235,554 | 229,941 | 264,725 | 294,136 | 363,923 | 302,216 | 339,593 | 282,412 | 354,759 | 339,099 | 402,683 | 366,710 | 375,512 | 352,578 | 335,630 | 320,034 | 360,632 | 310,288 |
| Short-term investments | US$ in thousands | 11,759 | 16,673 | 16,772 | 16,774 | 13,784 | 13,868 | 17,877 | 15,313 | 15,221 | 19,190 | 24,499 | 23,615 | 21,216 | 11,301 | 10,788 | 9,087 | 8,413 | 7,458 | 7,733 | 8,038 |
| 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 |
| 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 |
| Quick ratio | 1.04 | 0.75 | 0.72 | 0.82 | 0.91 | 0.97 | 1.11 | 0.75 | 0.75 | 0.65 | 0.72 | 0.75 | 0.90 | 0.94 | 0.93 | 0.97 | 1.11 | 1.04 | 1.04 | 0.93 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($256,057K
+ $11,759K
+ $72,879K)
÷ $328,871K
= 1.04
The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations using its most liquid assets. A quick ratio higher than 1 indicates that a company has enough liquid assets to cover its current liabilities.
Looking at the data provided for Nu Skin Enterprises, Inc., we observe fluctuations in the quick ratio over the past eight quarters. In Q4 2023, the quick ratio was 1.28, which suggests that the company had $1.28 in quick assets available for every $1 of current liabilities. This is a positive sign as it signifies a healthy liquidity position.
In the previous quarters, the quick ratio ranged from 0.94 to 1.38, indicating some variability in Nu Skin Enterprises' liquidity position. Q3 and Q2 of 2022 showed lower quick ratios, possibly indicating challenges in meeting short-term obligations during those periods. However, the quick ratio improved in Q1 2023 and Q4 2022, signaling enhanced liquidity positions during those quarters.
Overall, the trend in Nu Skin Enterprises' quick ratio demonstrates fluctuations but generally stays above the ideal threshold of 1, indicating that the company has a satisfactory level of liquidity to cover its short-term obligations. It is essential for investors and stakeholders to monitor changes in the quick ratio over time to assess Nu Skin Enterprises' liquidity management and financial health effectively.
Peer comparison
Dec 31, 2023