ASGN Inc (ASGN)

Inventory turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cost of revenue US$ in thousands 2,916,000 3,170,600 3,211,500 2,867,100 2,554,900
Inventory US$ in thousands — 231,800 39,900 41,200 23,300
Inventory turnover — 13.68 80.49 69.59 109.65

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $2,916,000K ÷ $—K
= —

The inventory turnover of ASGN Inc has shown fluctuations over the years. In 2020, the inventory turnover was particularly high at 109.65, indicating that the company was able to sell and replace its inventory more than 100 times during that year.

However, in the following years, the inventory turnover decreased significantly. By the end of 2021, the turnover ratio dropped to 69.59, suggesting a slower rate of inventory turnover compared to the previous year.

In 2022, the inventory turnover improved slightly to 80.49, indicating a moderate recovery in the company's ability to manage and sell its inventory efficiently.

Interestingly, by the end of 2023, the inventory turnover plummeted to 13.68, reflecting a sharp decline in the company's inventory management efficiency. This significant drop may indicate issues such as excess inventory levels, slowing sales, or ineffective inventory control measures.

Moreover, the inventory turnover data for December 31, 2024, is unavailable. It is important for ASGN Inc to closely monitor and improve its inventory turnover ratio to optimize its working capital and profitability.