Insight Enterprises Inc (NSIT)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 2.56 | 3.06 | 2.64 | 3.26 | 3.16 | 3.43 | 2.87 | 3.26 | 3.18 | 3.31 | 2.83 | 3.23 | 3.08 | 3.66 | 3.09 | 3.31 | 3.05 | 3.09 | 3.06 | 4.06 | |
| DSO | days | 142.46 | 119.10 | 138.29 | 111.98 | 115.33 | 106.40 | 127.09 | 112.06 | 114.68 | 110.21 | 129.08 | 112.94 | 118.48 | 99.68 | 118.02 | 110.31 | 119.73 | 118.28 | 119.18 | 89.91 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 2.56
= 142.46
To analyze Insight Enterprises Inc.'s Days of Sales Outstanding (DSO) based on the provided data, we observe fluctuations in the company's collection period over the eight quarters presented.
Over the past two years, there have been variations in the DSO metric, indicating the time it takes for the company to collect its accounts receivable. In Q4 2023, the DSO was significantly higher at 141.94 days compared to the previous quarter, reflecting a potential delay in collecting sales revenues. This could have implications for the company's cash flow management or credit terms offered to customers.
The DSO in Q3 2023 decreased to 118.75 days from the previous quarter, suggesting an improvement in the efficiency of collecting receivables. However, in Q2 2023, the DSO rose again to 137.80 days before decreasing in Q1 2023 to 111.52 days, showing a mixed trend in the collection process.
Comparing the latest quarter to the same period in the prior year, Q4 2023 saw a notable increase in DSO from Q4 2022, signaling a potential deterioration in the company's accounts receivable management. However, the DSO has fluctuated over the quarters, indicating the need for further analysis to understand the underlying reasons for these variations.
In summary, Insight Enterprises Inc. should closely monitor its DSO trend to ensure efficient collections and optimize cash flow management, potentially considering adjustments in credit policies or collection practices to maintain a healthy financial position.
Peer comparison
Dec 31, 2023