Insight Enterprises Inc (NSIT)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 3.54 | 4.56 | 3.65 | 4.58 | 4.82 | 5.46 | 4.58 | 4.93 | 4.37 | 5.02 | 4.00 | 4.60 | 4.45 | 4.94 | 3.94 | 5.19 | 4.91 | 4.88 | 4.03 | 5.87 | |
| Number of days of payables | days | 103.25 | 80.11 | 99.90 | 79.63 | 75.77 | 66.90 | 79.64 | 73.99 | 83.57 | 72.74 | 91.14 | 79.42 | 81.95 | 73.86 | 92.62 | 70.35 | 74.40 | 74.86 | 90.66 | 62.23 |
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 eight quarters. In Q4 2023, the company had 120.93 days of payables, which increased compared to the previous quarter where it was at 93.32 days. This indicates that the company took longer to pay its suppliers in Q4 2023. However, comparing Q4 2023 to the same period in the previous year, there has been an increase in the number of days of payables from 86.59 days in Q4 2022.
Looking at the trend over the past eight quarters, there have been some variations in the number of days of payables. While there was a peak of 120.93 days in Q4 2023, the lowest number of days of payables was recorded at 76.24 days in Q3 2022. This indicates that the company has shown some fluctuation in managing its payables over time.
Overall, the analysis of Insight Enterprises Inc.'s number of days of payables suggests that the company may have some variability in its payment practices and efficiency in settling its obligations to suppliers. Further evaluation and comparison with industry benchmarks would provide more insight into the company's payables management performance.
Peer comparison
Dec 31, 2023