Insight Enterprises Inc (NSIT)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 47.63 | 49.26 | 37.65 | 36.62 | 37.90 | 27.55 | 26.66 | 24.99 | 27.85 | 32.89 | 39.07 | 32.10 | 43.62 | 51.27 | 38.08 | 33.73 | 39.32 | 31.67 | 37.82 | 36.29 | |
| DOH | days | 7.66 | 7.41 | 9.70 | 9.97 | 9.63 | 13.25 | 13.69 | 14.61 | 13.11 | 11.10 | 9.34 | 11.37 | 8.37 | 7.12 | 9.59 | 10.82 | 9.28 | 11.53 | 9.65 | 10.06 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 47.63
= 7.66
Insight Enterprises Inc.'s days of inventory on hand (DOH) showed a decreasing trend from Q4 2022 to Q3 2023, indicating an improvement in managing inventory levels during this period. Q3 2022 had the highest DOH at 15.57 days, which decreased steadily until reaching 8.63 days in Q3 2023. This suggests that the company was able to turn its inventory into sales more efficiently, potentially resulting in lower inventory holding costs and a healthier cash flow. The variation in DOH across quarters could be influenced by factors such as demand fluctuations, supply chain activities, or inventory management strategies. Overall, the declining trend in DOH demonstrates improvements in inventory management efficiency for Insight Enterprises Inc.
Peer comparison
Dec 31, 2023