Insperity Inc (NSP)

Number of days of payables

		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
Payables turnover		28.48	41.58	43.86	30.07	36.21	48.90	42.68	31.22	35.40	51.62	50.71	33.51	32.04	33.05	70.33	33.51	44.95	37.71	29.65	24.01
Number of days of payables	days	12.82	8.78	8.32	12.14	10.08	7.46	8.55	11.69	10.31	7.07	7.20	10.89	11.39	11.04	5.19	10.89	8.12	9.68	12.31	15.20

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 28.48
= 12.82

Insperity Inc's number of days of payables has shown a decreasing trend over the past two quarters. In Q2 2022, the company had 2.18 days of payables, which decreased to 1.43 days in Q1 2022. However, the data for the subsequent quarters in 2023 is not available for analysis. A lower number of days of payables indicates that the company is able to pay its suppliers more quickly, which could be a positive sign of efficient cash management or strong supplier relationships. Although further data is needed to assess the trend more conclusively, the decreasing pattern observed in the available information suggests a potential improvement in Insperity Inc's payables management.