ASGN Inc (ASGN)

Payables 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
Payables US$ in thousands 27,200 25,800 22,700 25,900 34,000 32,100 24,300 34,000 35,200 33,500 32,800 21,400 20,100 32,000 33,100 29,900 38,300 50,100 37,500 33,700
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

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,916,000K ÷ $27,200K
= 107.21

The payables turnover ratio, calculated as cost of goods sold divided by average accounts payable, provides insight into how efficiently ASGN Inc is managing its accounts payable.

Analyzing the trend in ASGN Inc's payables turnover ratio over the specified periods, we observe fluctuations in the ratio.

The ratio ranged from a low of 52.51 in September 30, 2020, to a high of 142.64 in December 31, 2021. This indicates that ASGN Inc took approximately 52.51 days to pay its suppliers on average in September 30, 2020, and improved its efficiency significantly to around 142.64 days by December 31, 2021.

Since then, there have been fluctuations in the ratio, showing different trends in managing accounts payable efficiently. As of December 31, 2024, the payables turnover ratio stood at 107.21, indicating that ASGN Inc took approximately 107.21 days to pay its suppliers on average.

Further analysis and comparison with industry benchmarks or historical data would provide more context on how ASGN Inc is performing in terms of managing its payables turnover efficiently.