ASGN Inc (ASGN)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 13.68 | 80.49 | 69.59 | 109.65 | 83.13 | |
| DOH | days | 26.68 | 4.53 | 5.25 | 3.33 | 4.39 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 13.68
= 26.68
Based on the provided data, it appears that there is missing information for the days of inventory on hand (DOH) for ASGN Inc for the years ending December 31, 2023, 2022, 2021, 2020, and 2019. Without this specific data, it is not possible to analyze the trend or calculate the average DOH for ASGN Inc over the years.
However, in general, the days of inventory on hand ratio indicates how efficiently a company manages its inventory. A lower DOH ratio is preferred as it suggests that the company is selling inventory quickly, reducing storage costs and the risk of obsolescence. Conversely, a higher DOH ratio may indicate overstocking or slower inventory turnover.
To provide a more accurate and meaningful analysis of ASGN Inc's inventory management efficiency, it would be essential to have the complete DOH data for the specified years.
Peer comparison
Dec 31, 2023