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.