USANA Health Sciences Inc (USNA)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 923,232 | 929,999 | 950,124 | 976,483 | 1,001,860 | 1,041,382 | 1,082,496 | 1,155,009 | 1,190,168 | 1,235,586 | 1,258,823 | 1,180,028 | 1,137,751 | 1,095,421 | 1,057,506 | 1,054,531 | 1,060,902 | 1,088,627 | 1,124,796 | 1,170,240 |
| Total assets | US$ in thousands | 632,757 | 601,148 | 602,680 | 605,533 | 596,549 | 556,063 | 557,959 | 572,919 | 577,740 | 578,946 | 591,449 | 584,512 | 640,887 | 577,532 | 512,151 | 473,750 | 516,934 | 463,041 | 532,401 | 551,583 |
| Total asset turnover | 1.46 | 1.55 | 1.58 | 1.61 | 1.68 | 1.87 | 1.94 | 2.02 | 2.06 | 2.13 | 2.13 | 2.02 | 1.78 | 1.90 | 2.06 | 2.23 | 2.05 | 2.35 | 2.11 | 2.12 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $923,232K ÷ $632,757K
= 1.46
The total asset turnover ratio for USANA Health Sciences Inc has exhibited a declining trend over the past five quarters. The ratio decreased from 2.12 in the first quarter of 2019 to 1.46 in the fourth quarter of 2023. This indicates that the company generated $1.46 in revenue for every dollar of assets in the most recent quarter.
A decreasing total asset turnover ratio may suggest inefficiencies in asset utilization and could be a cause for concern as it indicates a decline in the company's ability to generate sales from its assets. This could be due to various factors such as excess inventory, inefficient operations, or ineffective asset management.
It is essential for USANA Health Sciences Inc to closely monitor and analyze the factors contributing to the decline in the total asset turnover ratio to identify areas for improvement and enhance overall operational efficiency. By addressing these issues, the company can work towards optimizing its asset utilization and improving its financial performance in the future.