USANA Health Sciences Inc (USNA)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.00 | 6.24 | 6.16 | 5.99 | 6.83 | 7.00 | 5.65 | 5.01 | 5.07 | 5.25 | 4.96 | 4.14 | 3.10 | 2.53 | 2.73 | 3.10 | 2.72 | 2.49 | 2.20 | 2.28 | |
| DOH | days | 60.86 | 58.47 | 59.24 | 60.94 | 53.48 | 52.14 | 64.57 | 72.82 | 72.03 | 69.56 | 73.58 | 88.17 | 117.78 | 144.55 | 133.91 | 117.80 | 134.13 | 146.52 | 166.03 | 160.01 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.00
= 60.86
The Days of Inventory on Hand (DOH) for USANA Health Sciences Inc has shown fluctuation over the past few years. In the most recent quarter, as of December 31, 2023, the company held inventory for an average of approximately 60.86 days, indicating it takes around 2 months to sell its inventory. This figure has been relatively stable compared to the previous quarters in 2023, where the DOH ranged from 58.47 days to 60.94 days.
Looking back further, there were higher DOH figures in 2022 and early 2023, with peaks reaching 146.52 days in September 2019 and decreasing to 52.14 days in September 2022. The increased DOH in the past could suggest potential issues with managing inventory levels optimally, which may have resulted in excess inventory or slow-moving products.
Overall, USANA Health Sciences Inc seems to have improved its inventory management efficiency in recent periods, as indicated by the decreasing trend in DOH. This improvement reflects a better balance between inventory levels and sales demand, which can be beneficial in controlling costs and improving cash flow. However, consistent monitoring and further optimization may be needed to ensure inventory turnover remains efficient and aligns with the company's operational goals.