Insight Enterprises Inc (NSIT)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 8,792,280 | 9,073,810 | 9,343,800 | 9,726,250 | 10,050,380 | 10,134,260 | 10,053,560 | 9,580,940 | 9,136,090 | 8,863,810 | 8,375,880 | 8,131,340 | 8,098,560 | 8,120,430 | 8,110,070 | 7,973,230 | 7,504,180 | 6,964,430 | 6,792,320 | 6,790,690 |
| Payables | US$ in thousands | 2,487,030 | 1,991,400 | 2,557,470 | 2,122,000 | 2,086,390 | 1,857,620 | 2,193,580 | 1,942,080 | 2,091,730 | 1,766,420 | 2,091,450 | 1,769,250 | 1,818,240 | 1,643,180 | 2,058,050 | 1,536,710 | 1,529,630 | 1,428,340 | 1,687,050 | 1,157,770 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $8,792,280K ÷ $2,487,030K
= 3.54
Insight Enterprises Inc.'s payables turnover ratio has shown fluctuations over the past eight quarters. The payables turnover ratio measures how efficiently a company is managing its payable obligations. A higher ratio indicates that the company is paying off its suppliers more quickly.
In Q1 2022, the payables turnover ratio was 4.32, which suggests that the company was able to pay off its suppliers approximately 4.32 times during that quarter. The ratio then decreased to 4.03 in Q2 2022, indicating a slight decrease in the efficiency of paying off payables.
There was a further decline in the payables turnover ratio to 4.79 in Q3 2022 before dropping significantly to 4.22 in Q4 2022. The trend of declining ratios reversed in Q1 2023 with an increase to 3.98, followed by a slight increase to 3.15 in Q2 2023.
In Q3 2023, the payables turnover ratio increased to 3.91, and in Q4 2023, it reached 3.02. This pattern of fluctuations in the payables turnover ratio indicates changes in the company's ability to manage its payables efficiently.
Overall, Insight Enterprises Inc. should continue to monitor its payables turnover ratio to ensure effective management of its accounts payable and maintain good relationships with its suppliers.
Peer comparison
Dec 31, 2023