Insight Enterprises Inc (NSIT)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 6,935,690 | 7,102,520 | 7,304,140 | 7,512,250 | 7,506,320 | 7,788,510 | 8,066,190 | 8,455,270 | 8,794,630 | 8,893,750 | 8,841,630 | 8,398,960 | 7,988,560 | 7,756,050 | 7,301,990 | 7,083,520 | 7,040,650 | 7,051,160 | 7,058,590 | 6,974,810 |
| Inventory | US$ in thousands | 122,581 | 151,013 | 145,456 | 169,457 | 184,605 | 184,200 | 248,188 | 265,570 | 265,154 | 367,913 | 377,059 | 383,401 | 328,101 | 269,471 | 214,385 | 253,297 | 185,650 | 158,400 | 212,980 | 236,414 |
| Inventory turnover | 56.58 | 47.03 | 50.22 | 44.33 | 40.66 | 42.28 | 32.50 | 31.84 | 33.17 | 24.17 | 23.45 | 21.91 | 24.35 | 28.78 | 34.06 | 27.97 | 37.92 | 44.51 | 33.14 | 29.50 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $6,935,690K ÷ $122,581K
= 56.58
Insight Enterprises Inc's inventory turnover ratio has shown fluctuations over the provided periods. The inventory turnover ratio is calculated by dividing the cost of goods sold by the average inventory. A higher inventory turnover ratio generally indicates that the company is selling goods more efficiently.
Based on the data provided, Insight Enterprises Inc's inventory turnover ratio ranged from a low of 21.91 on March 31, 2022, to a high of 56.58 on December 31, 2024. The ratio increased from 29.50 on March 31, 2020, to 44.51 on September 30, 2020. However, the ratio then decreased to 24.35 on December 31, 2021, before fluctuating between 21.91 and 50.22 until December 31, 2024.
The trend in the inventory turnover ratio suggests that Insight Enterprises Inc experienced periods of both efficient and less efficient inventory management during the analyzed periods. A high inventory turnover ratio may indicate strong sales or effective inventory management practices, while a low ratio may suggest excess inventory levels or slower sales.
It is important for Insight Enterprises Inc to monitor and analyze its inventory turnover ratio regularly to ensure optimal inventory management, minimize carrying costs, and maximize profitability. Further analysis of the factors influencing inventory turnover, such as sales trends, purchasing practices, and market conditions, may provide valuable insights for the company's strategic decision-making.
Peer comparison
Dec 31, 2024
Dec 31, 2024