USANA Health Sciences Inc (USNA)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 923,915 | 1,001,720 | 1,190,170 | 1,137,750 | 1,060,900 |
| Total assets | US$ in thousands | 632,757 | 596,549 | 577,740 | 640,887 | 516,934 |
| Total asset turnover | 1.46 | 1.68 | 2.06 | 1.78 | 2.05 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $923,915K ÷ $632,757K
= 1.46
The total asset turnover ratio for USANA Health Sciences Inc has fluctuated over the past five years. The company's efficiency in generating revenue from its total assets has shown a decreasing trend from 2.06 in 2021 to 1.46 in 2023. A high total asset turnover ratio indicates that the company is effectively utilizing its assets to generate sales. Conversely, a declining ratio may suggest inefficiency in asset utilization or a decrease in sales relative to the size of the asset base. Further analysis of the company's operational efficiency and asset management practices would be necessary to understand the underlying factors driving the changes in the total asset turnover ratio.