Insperity Inc (NSP)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,458,730 | 5,924,610 | 4,965,610 | 4,278,990 | 4,307,160 |
| Total assets | US$ in thousands | 2,119,660 | 2,039,260 | 1,753,080 | 1,584,280 | 1,395,000 |
| Total asset turnover | 3.05 | 2.91 | 2.83 | 2.70 | 3.09 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,458,730K ÷ $2,119,660K
= 3.05
Insperity Inc's total asset turnover has shown a generally increasing trend over the past five years, indicating that the company has been more efficient in generating revenue from its assets. The total asset turnover ratio reached its highest level of 3.09 in 2019, followed by a slight decline in 2020 and 2021. However, the ratio rebounded in 2022 and 2023 to 2.91 and 3.06, respectively.
A total asset turnover ratio above 1 implies that the company is effectively utilizing its assets to generate sales. The increasing trend suggests that Insperity Inc has been able to improve its asset utilization efficiency over the years, which is a positive sign for the company's overall operational performance.
Overall, the rising total asset turnover ratio reflects Insperity Inc's ability to efficiently generate revenue in relation to its total assets, indicating improved operational efficiency and potentially stronger financial performance.
Peer comparison
Dec 31, 2023