USANA Health Sciences Inc (USNA)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 856,858 | 923,915 | 1,001,720 | 1,190,170 | 1,137,750 |
| Total assets | US$ in thousands | 748,193 | 632,757 | 596,549 | 577,740 | 640,887 |
| Total asset turnover | 1.15 | 1.46 | 1.68 | 2.06 | 1.78 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $856,858K ÷ $748,193K
= 1.15
USANA Health Sciences Inc's total asset turnover has fluctuated over the past five years. In December 2020, the company had a total asset turnover of 1.78, indicating that for every dollar of assets, the company generated $1.78 in sales. This ratio improved to 2.06 by December 2021, suggesting an increase in efficiency in utilizing assets to generate revenue.
However, by December 2022, the total asset turnover declined to 1.68, signaling a decrease in the company's ability to generate sales from its assets. This trend continued into December 2023, with a further decrease to 1.46, indicating that the company may be experiencing challenges in effectively leveraging its assets to generate revenue.
In the most recent data available, by December 2024, the total asset turnover dropped to 1.15, highlighting a significant decrease in efficiency in converting assets into sales. This decline may raise concerns about the company's asset management and operational effectiveness. Further analysis and investigation into the factors behind these fluctuations would be necessary to assess the company's overall financial performance and operational efficiency.