ASGN Inc (ASGN)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,099,700 | 4,450,600 | 4,581,100 | 4,009,500 | 3,502,100 |
| Receivables | US$ in thousands | 650,800 | 741,500 | 853,600 | 708,200 | 602,800 |
| Receivables turnover | 6.30 | 6.00 | 5.37 | 5.66 | 5.81 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,099,700K ÷ $650,800K
= 6.30
Based on the provided data, the receivables turnover ratio for ASGN Inc has shown a fluctuating trend over the past five years. The ratio was 5.81 in December 2020, which indicates that the company collected its accounts receivable approximately 5.81 times during the year.
In the following years, the ratio slightly decreased to 5.66 in December 2021 and then further decreased to 5.37 in December 2022. This suggests a longer collection period for accounts receivable in those years compared to the base year.
However, the trend reversed in the subsequent years, with the receivables turnover improving to 6.00 in December 2023 and further increasing to 6.30 in December 2024. These higher ratios indicate that ASGN Inc became more efficient in collecting its receivables during these periods.
Overall, the company's receivables turnover ratio has shown some variability, but the recent increase suggests a positive trend in managing its accounts receivable effectively.
Peer comparison
Dec 31, 2024