Insperity Inc (NSP)
Payables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 353,000 | 338,338 | 324,521 | 316,055 | 304,543 | 299,659 | 298,532 | 285,363 | 279,969 | 267,300 | 257,526 | 244,349 | 226,979 | 219,367 | 206,053 | 195,723 | 198,747 | 198,827 | 202,891 | 209,096 |
| Payables | US$ in thousands | 10,000 | 6,000 | 7,000 | 6,000 | 11,000 | 7,207 | 6,807 | 9,491 | 7,732 | 5,466 | 6,034 | 7,826 | 6,412 | 4,250 | 4,063 | 5,841 | 6,203 | 6,016 | 2,885 | 6,240 |
| Payables turnover | 35.30 | 56.39 | 46.36 | 52.68 | 27.69 | 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $353,000K ÷ $10,000K
= 35.30
Insperity Inc's payables turnover ratio fluctuated over the period analyzed. The payables turnover ratio measures how efficiently a company pays its suppliers. A higher turnover ratio indicates that the company is paying its suppliers more frequently.
From March 31, 2020, to June 30, 2020, there was a significant increase in the payables turnover ratio from 33.51 to 70.33, indicating that the company improved its payment efficiency during this period. The ratio then decreased in the following quarters but remained relatively stable between 30 and 50.
There was a noticeable increase in the payables turnover ratio from December 31, 2023, to March 31, 2024, where it reached 52.68, suggesting a significant improvement in payment efficiency during that quarter.
Overall, the payables turnover ratio for Insperity Inc showed fluctuations over the analyzed period, with some quarters indicating better payment efficiency than others. Further analysis may be needed to understand the reasons behind these fluctuations and their implications for the company's financial performance.
Peer comparison
Dec 31, 2024