ASGN Inc (ASGN)

Number of days of payables

		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
Payables turnover		107.21	115.74	134.36	120.50	93.25	100.05	134.00	95.57	91.24	93.77	93.52	138.70	142.64	87.08	81.26	86.80	66.71	52.51	71.31	81.81
Number of days of payables	days	3.40	3.15	2.72	3.03	3.91	3.65	2.72	3.82	4.00	3.89	3.90	2.63	2.56	4.19	4.49	4.20	5.47	6.95	5.12	4.46

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 107.21
= 3.40

The number of days of payables for ASGN Inc fluctuated over the period from March 31, 2020, to December 31, 2024. The company's days of payables measure how long it takes for ASGN Inc to pay its suppliers or vendors.

The analysis reveals that ASGN Inc consistently maintained a low number of days of payables, ranging from 2.56 days to 6.95 days over this period. A lower number of days of payables indicates that the company is efficient in settling its supplier invoices promptly.

The trend shows a slight increase in the number of days of payables in the latter half of 2020, followed by a downward trend until the end of 2021. This suggests that ASGN Inc might have optimized its payment processes or negotiated better payment terms with its suppliers during this period.

From 2022 onwards, the number of days of payables remained relatively stable, fluctuating between 2.63 days to 4.00 days. This stability may indicate that the company has established an efficient working capital management strategy to balance its cash flows while maintaining good relationships with its suppliers.

Overall, the analysis of ASGN Inc's number of days of payables indicates that the company has effectively managed its payables, maintaining a balance between timely payments and optimizing its cash flow position.