ASGN Inc (ASGN)

Receivables 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
Revenue (ttm) US$ in thousands 4,099,700 4,188,800 4,274,600 4,370,800 4,450,600 4,526,900 4,608,000 4,618,900 4,581,100 4,484,500 4,360,400 4,193,500 4,009,500 3,856,100 3,686,700 3,543,700 3,502,100 3,626,900 3,725,200 3,865,600
Receivables US$ in thousands 650,800 686,400 721,400 725,300 741,500 804,600 828,900 822,800 853,600 877,900 843,200 775,800 708,200 697,700 624,700 646,900 602,800 676,500 612,100 683,000
Receivables turnover 6.30 6.10 5.93 6.03 6.00 5.63 5.56 5.61 5.37 5.11 5.17 5.41 5.66 5.53 5.90 5.48 5.81 5.36 6.09 5.66

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,099,700K ÷ $650,800K
= 6.30

ASGN Inc's receivables turnover ratio, which measures the efficiency of the company in collecting its accounts receivable, has shown some fluctuation over the past several quarters. The ratio ranged between 5.11 and 6.30 during the period from March 31, 2022, to December 31, 2024.

The trend indicates that the company has generally been able to collect its receivables approximately 5 to 6 times a year during this period. A higher turnover ratio signifies a more efficient collection process, while a lower ratio suggests that the company may be taking longer to collect outstanding payments.

Overall, the receivables turnover for ASGN Inc has exhibited moderate stability with some variability, but it is essential to monitor this ratio consistently to ensure the company maintains efficient collections and manages its accounts receivable effectively.