Insight Enterprises Inc (NSIT)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 8,792,280 | 10,050,400 | 9,136,100 | 8,106,540 | 7,514,270 |
| Payables | US$ in thousands | 2,487,030 | 2,086,390 | 2,091,730 | 1,818,240 | 1,529,630 |
| Payables turnover | 3.54 | 4.82 | 4.37 | 4.46 | 4.91 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $8,792,280K ÷ $2,487,030K
= 3.54
Insight Enterprises Inc.'s payables turnover ratio has shown some fluctuation over the past five years. The ratio decreased from 4.31 in 2019 to 3.87 in 2020, indicating a slight decrease in the efficiency of paying its suppliers. However, in 2021, there was a further decline in the ratio to 3.82, suggesting a continued decrease in payables turnover efficiency.
The ratio then increased to 4.22 in 2022, which could indicate an improvement in managing payables. However, in 2023, there was a significant decrease to 3.02, indicating a potential lengthening of the time it takes for Insight Enterprises Inc. to pay its suppliers.
Overall, the trend in Insight Enterprises Inc.'s payables turnover ratio indicates some variability in the efficiency of managing its accounts payable over the past five years, with room for improvement in maintaining consistent payment schedules to suppliers.
Peer comparison
Dec 31, 2023