ASGN Inc (ASGN)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,916,000 | 2,986,200 | 3,050,000 | 3,121,000 | 3,170,600 | 3,211,700 | 3,256,300 | 3,249,500 | 3,211,500 | 3,141,300 | 3,067,400 | 2,968,200 | 2,867,100 | 2,786,600 | 2,689,600 | 2,595,400 | 2,554,900 | 2,631,000 | 2,674,200 | 2,756,900 |
| Inventory | US$ in thousands | — | -740,700 | 0 | -775,000 | 0 | -846,400 | -859,800 | -861,800 | 39,900 | 15,300 | 0 | 17,800 | -708,200 | 10,900 | 354,600 | 20,200 | 23,300 | 10,300 | 15,900 | 21,600 |
| Inventory turnover | — | — | — | — | — | — | — | — | 80.49 | 205.31 | — | 166.75 | — | 255.65 | 7.58 | 128.49 | 109.65 | 255.44 | 168.19 | 127.63 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,916,000K ÷ $—K
= —
The inventory turnover ratio is a measure of how efficiently a company is managing its inventory. It is calculated by dividing the cost of goods sold by the average inventory for a certain period. A higher inventory turnover ratio indicates that the company is selling its inventory quickly, which is generally seen as a positive sign.
Analyzing the inventory turnover data provided for ASGN Inc:
- The inventory turnover ratio for ASGN Inc varies significantly over the reported periods, ranging from as low as 7.58 to as high as 255.65.
- A lower inventory turnover ratio, such as 7.58 reported in June 30, 2021, may indicate that the company is holding onto inventory for a longer period, which could tie up funds and lead to risk of obsolescence or storage costs.
- Conversely, a higher inventory turnover ratio such as 255.65 reported in September 30, 2021, suggests that ASGN Inc is efficiently managing its inventory by quickly turning it into sales.
- The fluctuation in the inventory turnover ratio over the periods may be influenced by seasonality, changes in demand, or inventory management strategies within ASGN Inc.
- It is important for ASGN Inc to monitor and analyze its inventory turnover ratio regularly to ensure optimal inventory management, balance between stock levels and sales, and efficient use of company resources.
In conclusion, the inventory turnover ratio of ASGN Inc indicates the company's ability to efficiently manage its inventory, with fluctuations observed over the reported periods reflecting changes in inventory management practices and market conditions.
Peer comparison
Dec 31, 2024
Dec 31, 2024