USANA Health Sciences Inc (USNA)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 425,996 | 435,517 | 457,917 | 498,187 | 471,623 |
| Inventory | US$ in thousands | 69,735 | 61,454 | 67,089 | 98,318 | 90,224 |
| Inventory turnover | 6.11 | 7.09 | 6.83 | 5.07 | 5.23 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $425,996K ÷ $69,735K
= 6.11
USANA Health Sciences Inc's inventory turnover has shown a generally positive trend over the past five years. The ratio has fluctuated annually but has remained relatively stable within a range. In 2020, the inventory turnover stood at 5.23 times, indicating that the company's inventory was sold and replaced approximately 5.23 times during the year. Subsequently, the ratio decreased slightly to 5.07 in 2021 before experiencing significant increases in 2022 and 2023, reaching 6.83 and 7.09, respectively. This suggests improved efficiency in managing inventory levels and sales. However, in 2024, the ratio decreased to 6.11, although it remained relatively high compared to earlier years. Overall, the upward trend in inventory turnover indicates that USANA Health Sciences Inc has become more effective in managing its inventory, leading to a more rapid turnover and potentially better liquidity.