Insight Enterprises Inc (NSIT)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,134,720 | 10,391,700 | 9,395,600 | 8,298,980 | 7,702,710 |
| Property, plant and equipment | US$ in thousands | 210,061 | 204,260 | 176,263 | 146,016 | 130,907 |
| Fixed asset turnover | 43.49 | 50.87 | 53.30 | 56.84 | 58.84 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $9,134,720K ÷ $210,061K
= 43.49
Insight Enterprises Inc.'s fixed asset turnover has exhibited a declining trend over the past five years, decreasing from 59.06 in 2019 to 43.68 in 2023. This indicates that the company generated $43.68 in revenue for every dollar invested in fixed assets at the end of 2023. The decreasing trend may suggest inefficiencies in utilizing fixed assets to generate sales or that the company might be experiencing challenges in effectively managing and leveraging its fixed assets for revenue generation. Further analysis and investigation into the company's operational efficiency and asset management strategies are warranted to understand the underlying reasons for the declining fixed asset turnover ratio.
Peer comparison
Dec 31, 2023