Insight Enterprises Inc (NSIT)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	9,134,720	10,391,700	9,395,600	8,298,980	7,702,710
Receivables	US$ in thousands	3,568,290	3,283,440	2,952,050	2,693,850	2,526,460
Receivables turnover		2.56	3.16	3.18	3.08	3.05

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $9,134,720K ÷ $3,568,290K
= 2.56

The receivables turnover ratio for Insight Enterprises Inc. has shown a declining trend over the past five years, decreasing from 3.08 in 2019 to 2.57 in 2023. This indicates that the company is taking longer to collect its accounts receivable. A lower receivables turnover ratio may suggest potentially inefficient credit policies, difficulties in collecting outstanding payments from customers, or changes in customer payment behavior. It is important for the company to closely monitor and manage its accounts receivable to ensure timely collection and efficient working capital management.

Peer comparison

Dec 31, 2023

Company name

Symbol

Receivables turnover

Insight Enterprises Inc

NSIT

2.56