Insperity Inc (NSP)
Working capital 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 |
| Total current assets | US$ in thousands | 2,085,000 | 1,433,000 | 1,621,000 | 1,619,000 | 1,595,000 | 1,477,680 | 1,363,640 | 1,518,070 | 1,511,870 | 1,289,010 | 1,410,640 | 1,431,910 | 1,244,850 | 1,206,470 | 1,201,290 | 1,251,500 | 1,077,270 | 1,048,860 | 1,068,650 | 1,079,280 |
| Total current liabilities | US$ in thousands | 1,930,000 | 1,233,000 | 1,383,000 | 1,406,000 | 1,436,000 | 1,321,360 | 1,135,680 | 1,302,960 | 1,353,370 | 1,121,250 | 1,246,600 | 1,286,600 | 1,128,570 | 1,004,180 | 1,002,690 | 1,044,350 | 904,924 | 841,070 | 840,563 | 888,458 |
| Working capital turnover | 42.46 | 32.60 | 27.35 | 30.47 | 40.62 | 40.75 | 27.47 | 28.41 | 37.38 | 34.15 | 33.54 | 36.17 | 42.70 | 23.39 | 22.81 | 20.94 | 24.83 | 20.69 | 19.00 | 22.98 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $6,581,000K ÷ ($2,085,000K – $1,930,000K)
= 42.46
Insperity Inc's working capital turnover has shown fluctuations over the past few years. The ratio measures how efficiently the company is utilizing its working capital to generate sales revenue. From March 31, 2020, to December 31, 2024, the ratio has ranged from a low of 19.00 to a high of 42.70.
The working capital turnover ratio peaked at 42.70 on December 31, 2021, indicating that during that period, the company was able to generate $42.70 in revenue for every dollar of working capital invested. This significant increase could suggest improved working capital management or increased sales efficiency.
On the other hand, the ratio dropped to its lowest point of 19.00 on June 30, 2020. This indicates that during that period, the company generated $19.00 in sales for each dollar of working capital. A lower ratio may imply inefficiencies in managing working capital or challenges in generating revenue.
Overall, the fluctuations in the working capital turnover ratio suggest variations in the company's operational efficiency and financial performance over the analyzed period. Further analysis and comparison with industry benchmarks could provide more insight into Insperity Inc's working capital management practices.
Peer comparison
Dec 31, 2024