Insperity Inc (NSP)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,581,000 | 6,520,000 | 6,509,840 | 6,490,280 | 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 |
| Receivables | US$ in thousands | 829,000 | — | — | — | 694,000 | — | 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 |
| Receivables turnover | 7.94 | — | — | — | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,581,000K ÷ $829,000K
= 7.94
The receivables turnover ratio for Insperity Inc has shown fluctuations over the years, ranging from 7.60 to 540.31. The ratio indicates how efficiently the company is able to collect outstanding receivables from its customers during a specific period. A higher turnover ratio typically suggests that the company is effectively managing its credit policy and collecting payments promptly.
The sudden spike in the receivables turnover ratio to 540.31 on June 30, 2023, may indicate an anomaly or error in the data reported. It is highly unusual for a company to achieve such an exceptionally high turnover ratio, suggesting a potential data entry mistake or calculation error.
Overall, the trend in the receivables turnover ratio for Insperity Inc seems to be fluctuating, with some periods showing improvements in collection efficiency while others showing a slight decline. It is important for investors and analysts to further investigate the reasons behind these fluctuations to assess the company's credit management practices and financial health.
Peer comparison
Dec 31, 2024