USANA Health Sciences Inc (USNA)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 425,996 | 415,397 | 420,677 | 427,441 | 435,517 | 441,952 | 448,700 | 453,182 | 457,917 | 470,953 | 475,733 | 489,083 | 498,187 | 505,416 | 444,414 | 362,834 | 279,609 | 197,380 | 188,841 | 187,661 |
| Inventory | US$ in thousands | 69,735 | 63,984 | 61,832 | 60,870 | 61,454 | 60,081 | 61,962 | 64,490 | 67,089 | 67,278 | 84,164 | 97,581 | 98,318 | 96,316 | 89,587 | 87,646 | 90,224 | 78,167 | 69,279 | 60,568 |
| Inventory turnover | 6.11 | 6.49 | 6.80 | 7.02 | 7.09 | 7.36 | 7.24 | 7.03 | 6.83 | 7.00 | 5.65 | 5.01 | 5.07 | 5.25 | 4.96 | 4.14 | 3.10 | 2.53 | 2.73 | 3.10 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $425,996K ÷ $69,735K
= 6.11
The inventory turnover of USANA Health Sciences Inc has shown a consistent upward trend from March 31, 2020, to December 31, 2024. The inventory turnover ratio was 3.10 on March 31, 2020, and gradually improved to 6.11 by December 31, 2024. This indicates that the company has been more efficient in managing its inventory over time. A higher inventory turnover ratio reflects that the company is selling its inventory more quickly, which can lead to lower holding costs and potential stock obsolescence risks. Additionally, a rising inventory turnover ratio can indicate effective inventory management and strong sales performance. Overall, the increasing trend in USANA Health Sciences Inc's inventory turnover ratio suggests improved efficiency in inventory management and a positive sign for the company's operational performance.