ASGN Inc (ASGN)

Total asset 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
Total assets US$ in thousands 3,429,000 3,431,700 3,450,800 3,488,800 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
Total asset turnover 1.20 1.22 1.24 1.25 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

December 31, 2024 calculation

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

ASGN Inc's total asset turnover has been relatively stable over the past few years, ranging from a low of 1.06 to a high of 1.31. The total asset turnover ratio indicates the company's efficiency in generating sales from its assets. A higher ratio suggests that ASGN Inc is effectively utilizing its assets to generate revenue.

Based on the data provided, ASGN Inc's total asset turnover gradually increased from 1.06 in March 2021 to a peak of 1.31 in March 2023, indicating an improvement in asset utilization efficiency. However, the ratio slightly decreased to 1.20 by December 2024, suggesting a slight decline in asset turnover efficiency. Overall, the company's total asset turnover fluctuated within a moderate range, reflecting stable asset utilization practices. Further analysis of the company's business operations and asset management strategies would provide valuable insights into the factors influencing these fluctuations.