Insight Enterprises Inc (NSIT)
Working capital 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 current assets | US$ in thousands | 4,331,300 | 3,900,670 | 3,568,310 | 3,176,450 | 3,048,030 |
| Total current liabilities | US$ in thousands | 3,373,380 | 2,866,410 | 2,515,260 | 2,227,460 | 1,883,530 |
| Working capital turnover | 9.54 | 10.05 | 8.92 | 8.75 | 6.61 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $9,134,720K ÷ ($4,331,300K – $3,373,380K)
= 9.54
Insight Enterprises Inc.'s working capital turnover has shown a generally positive trend over the past five years. The ratio has improved from 6.64 in 2019 to 9.58 in 2023, indicating that the company is generating higher sales revenue relative to its working capital. This suggests that Insight Enterprises has been operating more efficiently in utilizing its current assets to support its revenue generation activities.
The increase in working capital turnover from 2022 to 2023 further demonstrates the company's ability to efficiently manage its working capital to support its operations and sales growth. This trend indicates that Insight Enterprises has been able to generate more revenue for each dollar invested in working capital, a positive signal for its operational efficiency.
Overall, the upward trend in working capital turnover for Insight Enterprises Inc. reflects a positive performance in effectively managing its working capital to drive sales and support business activities over the analyzed period.
Peer comparison
Dec 31, 2023