Insperity Inc (NSP)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,458,730 | 6,369,930 | 6,261,170 | 6,112,150 | 5,924,610 | 5,729,730 | 5,502,310 | 5,256,290 | 4,965,620 | 4,730,930 | 4,529,360 | 4,337,107 | 4,278,987 | 4,299,447 | 4,334,627 | 4,385,160 | 4,309,370 | 4,201,036 | 4,083,718 | 3,963,225 |
| Receivables | US$ in thousands | 693,878 | — | 11,588 | 607,313 | 622,764 | 558,700 | 685,857 | 670,223 | 513,306 | 579,503 | 595,836 | 561,244 | 392,746 | 528,712 | 473,935 | 520,745 | 465,779 | 483,890 | 424,135 | 421,297 |
| Receivables turnover | 9.31 | — | 540.31 | 10.06 | 9.51 | 10.26 | 8.02 | 7.84 | 9.67 | 8.16 | 7.60 | 7.73 | 10.90 | 8.13 | 9.15 | 8.42 | 9.25 | 8.68 | 9.63 | 9.41 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,458,730K ÷ $693,878K
= 9.31
The receivables turnover ratio for Insperity Inc has been relatively stable over the past eight quarters, ranging between 7.85 and 10.27. The company collects its accounts receivable approximately 9 to 10 times a year, on average. There was a slight increase in receivables turnover from Q1 2022 to Q2 2023, indicating an improvement in the efficiency of collecting outstanding payments. However, there was a dip in Q3 2022, where the turnover ratio dropped to 7.97. Overall, Insperity Inc demonstrates a consistent ability to efficiently manage its accounts receivable and convert them into cash within a reasonable timeframe.
Peer comparison
Dec 31, 2023