Insperity Inc (NSP)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 304,543 | 279,969 | 226,979 | 198,747 | 205,184 |
| Payables | US$ in thousands | 10,693 | 7,732 | 6,412 | 6,203 | 4,565 |
| Payables turnover | 28.48 | 36.21 | 35.40 | 32.04 | 44.95 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $304,543K ÷ $10,693K
= 28.48
The payables turnover ratio for Insperity Inc has been consistently reported as 0.00 for the past five years, indicating that the company is not effectively managing its accounts payable. A payables turnover ratio of 0.00 means that the company is not utilizing its accounts payable effectively to support its operations or extend payment terms with suppliers. This may suggest that the company is not taking advantage of trade credit terms or may be facing challenges in managing its working capital efficiently. Further investigation into the company's payables management practices and financial health is recommended to determine the underlying reasons for the consistent 0.00 payables turnover ratio.
Peer comparison
Dec 31, 2023