Insight Enterprises Inc (NSIT)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.54 | 4.82 | 4.37 | 4.46 | 4.91 | |
| Number of days of payables | days | 103.25 | 75.77 | 83.57 | 81.87 | 74.30 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.54
= 103.25
Insight Enterprises Inc.'s number of days of payables has shown some fluctuations over the past five years. In 2023, the company took approximately 120.93 days to pay its suppliers, which indicates a significant increase compared to the previous year. This may suggest that the company is taking longer to settle its payables, potentially signaling liquidity challenges or changes in payment terms with suppliers.
In 2022, Insight Enterprises Inc. had a number of days of payables of 86.59 days, showing a significant improvement from 2021 where it took 95.57 days to pay its suppliers. This decrease in the number of days of payables could indicate efficient cash management or improved relations with suppliers.
In the preceding years, the company's performance in terms of payables was relatively stable, with minor fluctuations between 2021 and 2019. The consistency in the number of days of payables may indicate a consistent payment strategy or stable supplier relationships during that period.
Overall, Insight Enterprises Inc.'s number of days of payables fluctuated over the years, and it is essential for stakeholders to monitor this metric closely to assess the company's efficiency in managing its payables and sustaining healthy supplier relationships.
Peer comparison
Dec 31, 2023