USANA Health Sciences Inc (USNA)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 43.25 | 41.44 | 36.88 | 25.92 | 14.97 | |
| Number of days of payables | days | 8.44 | 8.81 | 9.90 | 14.08 | 24.38 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 43.25
= 8.44
The number of days of payables for USANA Health Sciences Inc has been decreasing over the past five years, indicating a trend of more efficient management of payables. As of December 31, 2023, the company takes approximately 8.44 days to pay its suppliers, a decrease from 8.81 days in the previous year and a significant improvement from 24.38 days in 2019. This indicates that the company is able to extend its payment terms while managing its cash flow effectively. The downward trend in the number of days of payables suggests that USANA Health Sciences Inc is managing its accounts payable more efficiently over time.