Insight Enterprises Inc (NSIT)
Total asset 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 |
| Total assets | US$ in thousands | 6,286,350 | 5,112,580 | 4,689,080 | 4,310,730 | 4,178,180 |
| Total asset turnover | 1.45 | 2.03 | 2.00 | 1.93 | 1.84 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $9,134,720K ÷ $6,286,350K
= 1.45
Insight Enterprises Inc.'s total asset turnover has exhibited some fluctuations over the past five years. The ratio decreased from 1.85 in 2019 to 1.93 in 2020, before further increasing to 2.01 in 2021 and 2.04 in 2022. However, there was a slight decline to 1.46 in 2023.
A total asset turnover ratio of 1.46 in 2023 indicates that the company generated $1.46 in revenue for every dollar of assets invested during the year. This decline from the previous year could suggest a decrease in efficiency in utilizing assets to generate sales. Further analysis would be required to understand the reasons behind this reduction and assess the overall effectiveness of Insight Enterprises' asset management and revenue generation strategies.
Peer comparison
Dec 31, 2023