Insight Enterprises Inc (NSIT)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 8,701,690 | 8,865,040 | 9,043,440 | 9,231,380 | 9,175,850 | 9,442,450 | 9,710,510 | 10,104,290 | 10,431,190 | 10,494,600 | 10,407,770 | 9,893,890 | 9,436,110 | 9,161,410 | 8,650,370 | 8,389,610 | 8,340,590 | 8,346,430 | 8,322,500 | 8,189,780 |
| Total current assets | US$ in thousands | 4,844,620 | 4,660,510 | 4,899,480 | 4,441,350 | 4,331,300 | 3,710,250 | 4,339,780 | 3,745,820 | 3,900,670 | 3,784,660 | 4,401,000 | 3,768,240 | 3,568,310 | 3,322,990 | 3,555,230 | 3,153,690 | 3,176,450 | 2,726,410 | 3,264,490 | 2,966,160 |
| Total current liabilities | US$ in thousands | 4,122,200 | 3,744,130 | 4,011,420 | 3,498,970 | 3,373,380 | 2,735,320 | 3,313,230 | 2,884,200 | 2,866,410 | 2,273,040 | 2,968,920 | 2,677,690 | 2,515,260 | 2,145,760 | 2,483,650 | 2,175,070 | 2,227,460 | 1,964,000 | 2,430,960 | 1,896,600 |
| Working capital turnover | 12.05 | 9.67 | 10.18 | 9.80 | 9.58 | 9.69 | 9.46 | 11.73 | 10.09 | 6.94 | 7.27 | 9.07 | 8.96 | 7.78 | 8.07 | 8.57 | 8.79 | 10.95 | 9.98 | 7.66 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $8,701,690K ÷ ($4,844,620K – $4,122,200K)
= 12.05
Insight Enterprises Inc's working capital turnover has shown fluctuations over the reported periods. The ratio indicates the efficiency of the company in utilizing its working capital to generate sales revenue.
The trend in the working capital turnover ratio highlights that the company improved its efficiency from March 2020 to September 2021, reaching a peak of 10.95 in September 2020. However, the ratio declined in the following quarters and remained relatively stable from March 2021 to June 2022, indicating a need for improvement in managing working capital.
Notably, there was a significant increase in the working capital turnover ratio in the last two quarters of 2022, reaching 10.09 and 11.73, respectively. This improvement suggests that Insight Enterprises Inc effectively used its working capital to generate sales during this period.
The ratio experienced some fluctuations in 2023 and 2024, with values ranging between 9.46 and 12.05. Despite these fluctuations, the company's working capital turnover remained relatively high, demonstrating effective management of working capital to support sales activities.
Overall, Insight Enterprises Inc's working capital turnover ratio indicates that the company has shown efficiency in utilizing its working capital to drive sales, with some fluctuations in performance observed over the reported periods.
Peer comparison
Dec 31, 2024