USANA Health Sciences Inc (USNA)
Fixed asset 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 | 923,232 | 929,999 | 950,124 | 976,483 | 1,001,860 | 1,041,382 | 1,082,496 | 1,155,009 | 1,190,168 | 1,235,586 | 1,258,823 | 1,180,028 | 1,137,751 | 1,095,421 | 1,057,506 | 1,054,531 | 1,060,902 | 1,088,627 | 1,124,796 | 1,170,240 |
| Property, plant and equipment | US$ in thousands | 99,814 | 95,159 | 95,736 | 96,798 | 97,773 | 95,228 | 97,827 | 100,792 | 101,780 | 100,957 | 97,849 | 98,622 | 100,445 | 99,400 | 98,435 | 97,246 | 95,233 | 91,515 | 92,637 | 91,994 |
| Fixed asset turnover | 9.25 | 9.77 | 9.92 | 10.09 | 10.25 | 10.94 | 11.07 | 11.46 | 11.69 | 12.24 | 12.86 | 11.97 | 11.33 | 11.02 | 10.74 | 10.84 | 11.14 | 11.90 | 12.14 | 12.72 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $923,232K ÷ $99,814K
= 9.25
The fixed asset turnover ratio measures how efficiently a company is using its fixed assets to generate revenue. A higher fixed asset turnover indicates that the company is effectively utilizing its fixed assets to generate sales.
Looking at the data for USANA Health Sciences Inc over the past few quarters, we can see a generally increasing trend in the fixed asset turnover ratio. This suggests that the company has been improving its efficiency in utilizing its fixed assets to generate revenue.
USANA Health Sciences Inc had a fixed asset turnover ratio of 9.25 at the end of December 2019, which increased to 12.72 by the end of June 2021. Although there was some fluctuation in the ratio in the following quarters, it remained relatively high, indicating efficient use of fixed assets.
Overall, the increasing trend in the fixed asset turnover ratio for USANA Health Sciences Inc suggests that the company is effectively managing and utilizing its fixed assets to generate sales, which is a positive indicator of operational efficiency.