ASGN Inc (ASGN)

Total asset 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
Total assets US$ in thousands 3,429,000 3,544,600 3,585,700 3,502,800 3,278,000
Total asset turnover 1.20 1.26 1.28 1.14 1.07

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $4,099,700K ÷ $3,429,000K
= 1.20

The total asset turnover ratio of ASGN Inc has shown a consistent upward trend from 1.07 in December 31, 2020, to 1.20 in December 31, 2024. This indicates that the company is becoming more efficient in generating revenue from its total assets over the years. The increase in total asset turnover signifies that ASGN Inc has been effectively utilizing its assets to generate sales. However, there was a slight dip in the ratio from 1.28 in December 31, 2022, to 1.26 in December 31, 2023, before rebounding to 1.20 in December 31, 2024. Overall, a total asset turnover ratio above 1 indicates that ASGN Inc is effectively generating revenue relative to its total assets, which is a positive sign for the company's operational efficiency.