ASGN Inc (ASGN)

Total asset turnover

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
Revenue (ttm) US$ in thousands 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 3,923,900 3,828,400 3,732,100 3,638,300
Total assets US$ in thousands 3,544,600 3,578,900 3,561,300 3,525,300 3,585,700 3,611,200 3,524,500 3,491,200 3,502,800 3,626,500 3,458,800 3,334,500 3,278,000 3,211,600 3,065,500 3,017,500 2,941,400 2,831,600 2,799,000 2,814,600
Total asset turnover 1.26 1.26 1.29 1.31 1.28 1.24 1.24 1.20 1.14 1.06 1.07 1.06 1.07 1.13 1.22 1.28 1.33 1.35 1.33 1.29

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,450,600K ÷ $3,544,600K
= 1.26

ASGN Inc's total asset turnover has shown a relatively stable trend over the past eight quarters, ranging from 1.17 to 1.31. The company's ability to generate sales from its total assets has been consistently strong, with the ratio hovering around 1.26 in the recent quarters. This indicates that ASGN Inc effectively utilizes its assets to generate revenue. The slight increase in total asset turnover from Q4 2022 to Q1 2023 suggests improved efficiency in asset utilization during that period. Overall, ASGN Inc's total asset turnover indicates a healthy operational performance and efficient use of assets to drive revenue generation.


Peer comparison

Dec 31, 2023