Insight Enterprises Inc (NSIT)
Total asset 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 |
| Total assets | US$ in thousands | 6,286,350 | 5,078,220 | 5,542,330 | 4,960,530 | 5,112,580 | 4,997,710 | 5,604,320 | 4,849,790 | 4,689,080 | 4,435,380 | 4,667,050 | 4,254,610 | 4,310,730 | 3,827,310 | 4,341,480 | 4,057,020 | 4,178,180 | 3,982,360 | 3,286,000 | 2,756,470 |
| Total asset turnover | 1.45 | 1.85 | 1.75 | 2.03 | 2.03 | 2.09 | 1.85 | 2.03 | 2.00 | 2.06 | 1.85 | 1.96 | 1.93 | 2.17 | 1.91 | 2.01 | 1.84 | 1.80 | 2.13 | 2.54 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,142,340K ÷ $6,286,350K
= 1.45
Insight Enterprises Inc.'s total asset turnover ratio has shown some fluctuations over the past eight quarters. The ratio ranged from a low of 1.46 in Q4 2023 to a high of 2.10 in Q3 2022. Generally, a higher total asset turnover ratio indicates that the company is generating more sales revenue for each dollar of assets it owns.
The downward trend in the total asset turnover ratio from Q3 2022 to Q4 2023 suggests that the company may be experiencing challenges in efficiently utilizing its assets to generate sales. It is crucial for Insight Enterprises Inc. to closely monitor its asset management processes and seek ways to improve efficiency in order to optimize its sales revenue relative to its asset base.
Comparing the ratio over multiple periods can help identify patterns and trends that can inform management decisions regarding asset utilization and operational efficiency. Overall, Insight Enterprises Inc. should focus on improving its total asset turnover ratio to enhance its financial performance and maximize returns for its shareholders.
Peer comparison
Dec 31, 2023