ASGN Inc (ASGN)

Days of sales outstanding (DSO)

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
Receivables turnover 6.30 6.10 5.93 6.03 6.00 5.63 5.56 5.61 5.37 5.11 5.17 5.41 5.66 5.53 5.90 5.48 5.81 5.36 6.09 5.66
DSO days 57.94 59.81 61.60 60.57 60.81 64.87 65.66 65.02 68.01 71.45 70.58 67.53 64.47 66.04 61.85 66.63 62.83 68.08 59.97 64.49

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.30
= 57.94

The days of sales outstanding (DSO) ratio for ASGN Inc has shown a fluctuating trend over the past few years. Initially, in March 2020, the DSO stood at 64.49 days, indicating the average number of days it takes for the company to collect its accounts receivable.

Subsequently, the DSO decreased to 59.97 days by June 2020, suggesting an improvement in the company's ability to collect receivables more efficiently. However, the ratio increased to 68.08 days by September 2020, which may indicate a slowdown in receivables collections.

From there, the DSO fluctuated within a range of around 60 to 70 days over the following quarters, showing some variability in the company's receivables management. It reached its lowest point at 57.94 days by December 2024, suggesting that ASGN Inc improved its efficiency in collecting payments from customers.

Overall, the trend in the DSO ratio for ASGN Inc reflects some volatility but also indicates periods of improvement in managing its accounts receivable turnover. This metric is important as it can provide insights into the company's liquidity and efficiency in collecting payments from customers.