Insight Enterprises Inc (NSIT)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 9,142,340 | 9,414,780 | 9,676,330 | 10,062,510 | 10,391,690 | 10,454,800 | 10,369,350 | 9,855,280 | 9,395,600 | 9,121,090 | 8,611,260 | 8,349,860 | 8,298,980 | 8,303,360 | 8,280,850 | 8,154,080 | 7,701,790 | 7,161,530 | 6,997,740 | 6,998,080 |
| Receivables | US$ in thousands | 3,568,290 | 3,072,100 | 3,666,080 | 3,087,100 | 3,283,440 | 3,047,740 | 3,610,450 | 3,025,700 | 2,952,050 | 2,754,150 | 3,045,320 | 2,583,720 | 2,693,850 | 2,267,720 | 2,677,560 | 2,464,380 | 2,526,460 | 2,320,680 | 2,284,920 | 1,723,820 |
| Receivables turnover | 2.56 | 3.06 | 2.64 | 3.26 | 3.16 | 3.43 | 2.87 | 3.26 | 3.18 | 3.31 | 2.83 | 3.23 | 3.08 | 3.66 | 3.09 | 3.31 | 3.05 | 3.09 | 3.06 | 4.06 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $9,142,340K ÷ $3,568,290K
= 2.56
To analyze the receivables turnover of Insight Enterprises Inc., we first calculate the average receivables turnover over the past eight quarters. The average receivables turnover for Insight Enterprises Inc. is 3.03, calculated as the sum of the quarterly receivables turnover values divided by 8.
Insight Enterprises Inc.'s receivables turnover has fluctuated over the quarters, ranging from a low of 2.57 in Q4 2023 to a high of 3.44 in Q3 2022. Generally, a higher receivables turnover indicates that the company is collecting its accounts receivable more efficiently.
The trend over the past eight quarters shows variability in the speed at which Insight Enterprises Inc. is collecting on its credit sales. While there has been some fluctuation, the average receivables turnover of 3.03 indicates that the company collects its outstanding receivables approximately 3 times a year.
Insight Enterprises Inc. should continue monitoring its receivables turnover to ensure efficient collections and manage credit risk. Additionally, comparing this ratio with industry peers or historical data can provide further insight into the company's receivables management performance.
Peer comparison
Dec 31, 2023