USANA Health Sciences Inc (USNA)
Payables 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 |
| Payables | US$ in thousands | 11,984 | 10,070 | 11,049 | 13,508 | 18,195 |
| Payables turnover | 35.55 | 43.25 | 41.44 | 36.88 | 25.92 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $425,996K ÷ $11,984K
= 35.55
USANA Health Sciences Inc's payables turnover has steadily increased over the past five years, with a noticeable jump from 2020 to 2021. This indicates that the company is managing its accounts payable more efficiently, as it took 25.92 days to pay off its payables in 2020 compared to just 35.55 days in 2024. The trend suggests that USANA Health Sciences Inc is enhancing its ability to settle its outstanding obligations promptly, which can positively impact its cash flow and relationships with suppliers. Overall, the increasing payables turnover highlights the company's effectiveness in managing its trade payables and optimizing its working capital management.