ASGN Inc (ASGN)

Fixed asset 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	4,099,700	4,188,800	4,274,600	4,370,800	4,450,600	4,526,900	4,608,000	4,618,900	4,581,100	4,484,500	4,360,400	4,193,500	4,009,500	3,856,100	3,686,700	3,543,700	3,502,100	3,626,900	3,725,200	3,865,600
Property, plant and equipment	US$ in thousands	82,600	79,200	79,100	82,900	81,400	78,600	76,100	71,800	66,300	62,300	59,500	58,600	55,000	52,100	54,200	68,300	54,900	74,200	79,200	80,000
Fixed asset turnover		49.63	52.89	54.04	52.72	54.68	57.59	60.55	64.33	69.10	71.98	73.28	71.56	72.90	74.01	68.02	51.88	63.79	48.88	47.04	48.32

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,099,700K ÷ $82,600K
= 49.63

ASGN Inc's fixed asset turnover ratio has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The fixed asset turnover ratio measures how efficiently the company is generating revenue from its investment in fixed assets.

The ratio started at a high of 48.32 in March 31, 2020, indicating that the company was generating $48.32 in revenue for every dollar invested in fixed assets. The ratio consistently remained relatively stable, gradually increasing to a peak of 74.01 on September 30, 2021.

From September 30, 2021, the fixed asset turnover ratio began to decline, reaching a low of 49.63 on December 31, 2024. This decline may suggest that the company's fixed assets are not generating as much revenue as before, potentially signaling inefficiencies in asset utilization or changes in the business operations.

Investors and stakeholders should closely monitor the trend of the fixed asset turnover ratio to assess the company's ability to efficiently generate revenue from its fixed assets and identify any underlying issues that may affect the company's operational performance and financial health.