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