ASGN Inc (ASGN)

Working capital 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 current assets	US$ in thousands	917,700	907,300	913,900	933,400	973,300	993,900	972,300	926,800	981,100	1,120,000	1,366,300	1,312,400	1,309,400	1,422,200	1,371,600	1,074,200	994,400	934,700	854,600	789,700
Total current liabilities	US$ in thousands	367,100	403,600	390,100	371,700	394,100	443,200	416,600	385,900	441,900	492,300	492,400	439,100	450,900	591,000	498,400	428,900	416,200	389,400	357,300	361,200
Working capital turnover		7.45	8.32	8.16	7.78	7.68	8.22	8.29	8.54	8.50	7.14	4.99	4.80	4.67	4.64	4.22	5.49	6.06	6.65	7.49	9.02

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,099,700K ÷ ($917,700K – $367,100K)
= 7.45

ASGN Inc's working capital turnover has shown a general decreasing trend from March 31, 2020 to June 30, 2021, indicating a decline in the efficiency of utilizing working capital to generate sales. However, starting from September 30, 2021, the trend reverses, showing an increasing pattern up to December 31, 2024.

As of December 31, 2024, the working capital turnover stands at 7.45, which indicates that the company generated $7.45 in revenue for every dollar of working capital invested. This suggests an improvement in the efficiency of working capital management and potentially higher sales generation capabilities.

The fluctuation in the working capital turnover ratio over the years may suggest varying operational efficiency levels and effectiveness in managing the working capital. Further analysis and comparison with industry benchmarks could provide additional insights into ASGN Inc's performance in this aspect.