ASGN Inc (ASGN)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 107.21 | 93.25 | 91.24 | 142.64 | 66.71 | |
| Number of days of payables | days | 3.40 | 3.91 | 4.00 | 2.56 | 5.47 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 107.21
= 3.40
ASGN Inc's number of days of payables has been relatively low over the past five years based on the data provided. The company takes approximately 5.47 days to pay its payables as of December 31, 2020. This number decreased significantly to 2.56 days as of December 31, 2021, indicating the company was paying its suppliers at a faster rate.
In the subsequent years, ASGN Inc's number of days of payables hovered around the 4-day mark. Specifically, as of December 31, 2022, it was 4.00 days, and as of December 31, 2023, it decreased slightly to 3.91 days. The most recent data point as of December 31, 2024, shows a further decrease to 3.40 days, implying the company is managing its payables efficiently and paying its suppliers more promptly.
Overall, the declining trend in the number of days of payables suggests that ASGN Inc is effectively managing its payables and maintaining healthy relationships with its suppliers by settling its obligations in a timely manner.
Peer comparison
Dec 31, 2024