Nu Skin Enterprises Inc (NUS)

Operating profit margin

		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
Operating income (ttm)	US$ in thousands	48,268	59,664	65,745	74,766	110,847	103,707	189,375	223,224	233,992	302,370	311,214	283,912	257,564	223,546	219,210	235,338	267,426	231,178	241,961	250,523
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
Operating profit margin		2.48%	3.00%	3.24%	3.58%	5.01%	4.39%	7.67%	8.54%	8.71%	10.94%	11.02%	10.39%	10.02%	9.31%	9.58%	10.24%	11.11%	9.26%	9.37%	9.41%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $48,268K ÷ $1,944,626K
= 2.48%

Nu Skin Enterprises, Inc.'s operating profit margin has shown a declining trend over the past eight quarters. In Q4 2022, the operating profit margin was at its highest at 10.49%, but it has steadily decreased since then to 3.46% in Q4 2023. This indicates that the company's profitability from core operations has been eroding over time. It is essential for the company to closely monitor and address the factors contributing to this declining trend to improve its operational efficiency and profitability in the future.

Peer comparison

Dec 31, 2023

Company name

Symbol

Operating profit margin

Nu Skin Enterprises Inc

NUS

2.48%