Insight Enterprises Inc (NSIT)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 47.63 | 37.90 | 27.85 | 43.67 | 39.38 | |
| DOH | days | 7.66 | 9.63 | 13.11 | 8.36 | 9.27 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 47.63
= 7.66
Insight Enterprises Inc.'s days of inventory on hand (DOH) has fluctuated over the past five years, ranging from 8.98 days to 14.99 days. In 2023, the company managed to reduce its DOH to 8.98 days, indicating an efficient management of inventory levels. This was an improvement from the previous year where the DOH was at 11.00 days.
In 2021, the company experienced a significant increase in DOH to 14.99 days, which suggests that Insight Enterprises Inc. may have been holding excess inventory or faced challenges in selling its inventory efficiently during that period. However, in 2020 and 2019, the company maintained relatively lower DOH levels at 9.62 days and 10.56 days respectively, indicating efficient inventory management during those years.
Overall, a lower DOH is generally favorable as it indicates that the company is selling its inventory quickly and efficiently. Monitoring the trend of DOH over time can provide insights into Insight Enterprises Inc.'s inventory management practices and efficiency in turning inventory into sales.
Peer comparison
Dec 31, 2023