Nu Skin Enterprises Inc (NUS)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 8,595 | 104,778 | 147,266 | 191,355 | 173,553 |
| Total assets | US$ in thousands | 1,806,460 | 1,820,970 | 1,906,480 | 1,957,080 | 1,769,010 |
| ROA | 0.48% | 5.75% | 7.72% | 9.78% | 9.81% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $8,595K ÷ $1,806,460K
= 0.48%
The return on assets (ROA) of Nu Skin Enterprises, Inc. has experienced a declining trend over the past five years. In 2023, the ROA decreased significantly to 0.48% from 5.75% in 2022, continuing the downward trajectory observed in previous years. The ROA in 2021 was 7.72%, indicating a notable decrease from 9.78% in 2020 and 9.81% in 2019. This declining trend in ROA suggests that the company's ability to generate profits relative to its assets has weakened over the years. Further analysis of the company's financial performance and operational efficiency is recommended to understand the factors driving this trend and to identify potential areas for improvement.
Peer comparison
Dec 31, 2023