ASGN Inc (ASGN)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		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	71.27	100.22	109.58	92.39
Number of days of payables	days	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	5.12	3.64	3.33	3.95

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 93.25
= 3.91

ASGN Inc's number of days of payables has shown some fluctuation over the past eight quarters. In Q2 2022, the company had the lowest number of days of payables at 2.71 days, indicating that it takes approximately 2.71 days for ASGN Inc to pay its suppliers or vendors. This was followed by an increase in the number of days of payables in Q4 2022 to 4.00 days.

In the most recent quarter, Q4 2023, ASGN Inc's number of days of payables decreased to 3.91 days compared to the previous quarter, Q3 2023, where it was 3.65 days. This suggests that the company is taking slightly longer to pay its trade payables in the most recent quarter.

Overall, ASGN Inc's number of days of payables indicates the efficiency of its payables management. A lower number of days of payables may indicate that the company is able to negotiate favorable credit terms with its suppliers, while a higher number may suggest potential liquidity issues or challenges in managing working capital effectively. Monitoring this ratio over time can provide insights into ASGN Inc's ability to manage its trade payables efficiently.