Insight Enterprises Inc (NSIT)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 418,978 | 400,950 | 397,374 | 407,947 | 413,930 | 393,999 | 390,250 | 349,129 | 333,073 | 321,848 | 297,289 | 282,256 | 270,046 | 255,171 | 239,950 | 238,631 | 240,194 | 232,573 | 236,629 | 239,246 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,735,730 | 1,626,050 | 1,568,960 | 1,573,600 | 1,638,070 | 1,620,790 | 1,613,100 | 1,539,190 | 1,509,230 | 1,448,920 | 1,401,830 | 1,383,170 | 1,342,430 | 1,262,890 | 1,207,360 | 1,150,570 | 1,160,320 | 1,102,640 | 1,079,580 | 1,026,220 |
| Return on total capital | 24.14% | 24.66% | 25.33% | 25.92% | 25.27% | 24.31% | 24.19% | 22.68% | 22.07% | 22.21% | 21.21% | 20.41% | 20.12% | 20.21% | 19.87% | 20.74% | 20.70% | 21.09% | 21.92% | 23.31% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $418,978K ÷ ($—K + $1,735,730K)
= 24.14%
Insight Enterprises Inc.'s return on total capital has shown a consistent improvement over the past eight quarters, indicating effective utilization of its total capital resources. The company's return on total capital ranged from 14.70% to 20.10% during this period, with the highest return recorded in Q1 2023. This suggests that Insight Enterprises Inc. has been successful in generating returns for both equity and debt holders relative to the total capital invested in the business. The upward trend in the return on total capital signifies efficient capital allocation and operational profitability, reflecting positively on the company's financial performance and strategic decision-making.
Peer comparison
Dec 31, 2023