ASGN Inc (ASGN)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	3,170,600	3,211,500	2,867,100	2,554,900	2,444,100
Inventory	US$ in thousands	231,800	39,900	41,200	23,300	29,400
Inventory turnover		13.68	80.49	69.59	109.65	83.13

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $3,170,600K ÷ $231,800K
= 13.68

To calculate the inventory turnover for ASGN Inc, we need the cost of goods sold (COGS) and average inventory for each respective year. Without the specific values for COGS and average inventory, we cannot compute the inventory turnover ratio. Inventory turnover is a critical financial ratio that measures how efficiently a company manages its inventory by evaluating how many times a company sells its average inventory balance during a particular period. A high inventory turnover ratio indicates strong sales relative to the amount of inventory on hand, while a low ratio may suggest overstocking or slow-moving inventory.

In the absence of the necessary data, a complete analysis of ASGN Inc's inventory turnover performance over the specified years is not feasible at this time. It would be beneficial to obtain the relevant financial information to compute and analyze this important ratio for a more in-depth evaluation of the company's inventory management efficiency.