ASGN Inc (ASGN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 93.25 | 91.24 | 142.64 | 66.71 | 62.35 | |
| Number of days of payables | days | 3.91 | 4.00 | 2.56 | 5.47 | 5.85 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 93.25
= 3.91
The number of days of payables for ASGN Inc has shown some fluctuations over the past five years. In 2023, the company took approximately 3.91 days to pay its suppliers, slightly lower than the 4.00 days in 2022. This suggests that ASGN Inc has been managing its payables more efficiently in 2023 compared to the previous year.
Looking back at 2021, ASGN Inc was able to extend its payment period to an average of 2.56 days, indicating a stronger ability to manage its cash flow and working capital during that period. However, in 2020 and 2019, the number of days of payables increased to 5.08 days and 5.12 days respectively, suggesting a potential slowdown in payment cycles during those years.
Overall, the trend in the number of days of payables for ASGN Inc indicates some fluctuations in the company's payment practices, with variations in efficiency and working capital management over the past five years.
Peer comparison
Dec 31, 2023