Insight Enterprises Inc (NSIT)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,701,700 | 9,175,840 | 10,431,200 | 9,436,110 | 8,340,580 |
| Total assets | US$ in thousands | 6,380,310 | 6,286,350 | 5,112,580 | 4,689,080 | 4,310,730 |
| Total asset turnover | 1.36 | 1.46 | 2.04 | 2.01 | 1.93 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $8,701,700K ÷ $6,380,310K
= 1.36
Insight Enterprises Inc's total asset turnover has shown fluctuations over the past five years. The ratio increased from 1.93 in December 31, 2020, to 2.01 in December 31, 2021, and further to 2.04 in December 31, 2022, indicating that the company generated more revenue relative to its total assets during these periods. However, there was a significant drop in total asset turnover to 1.46 in December 31, 2023, and a further decline to 1.36 in December 31, 2024, suggesting that the company may be less effective in generating revenue from its assets during these years. Further analysis of the company's operations and financial performance would be needed to fully understand the reasons behind these fluctuations and their implications for Insight Enterprises Inc's overall business strategy and performance.
Peer comparison
Dec 31, 2024