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