ASGN Inc (ASGN)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 28.76% | 29.90% | 28.49% | 27.05% | 28.44% |
| Operating profit margin | 8.18% | 8.94% | 8.75% | 8.03% | 8.09% |
| Pretax margin | 6.69% | 7.96% | 12.26% | 7.54% | 6.72% |
| Net profit margin | 4.93% | 5.85% | 10.22% | 5.72% | 5.11% |
ASGN Inc's profitability ratios exhibited some fluctuations over the past five years. The gross profit margin, which measures the company's ability to generate revenue after accounting for direct costs, showed a slight decrease from 2019 to 2021 before recovering in 2022 and 2023.
The operating profit margin, indicating the company's ability to control operating expenses, remained relatively stable around 8-9% from 2019 to 2023. This indicates that ASGN Inc has been effective in managing its operating costs over the years.
The pretax margin, representing the percentage of each dollar of revenue that translates into pre-tax profit, showed some variability but generally trended upwards from 2019 to 2023. This suggests that the company's pre-tax profitability improved over the period.
The net profit margin, which reflects the company's bottom-line profitability after all expenses are deducted, experienced fluctuations, notably with a significant increase in 2021 followed by a decline in 2022 and 2023. Overall, ASGN Inc's net profit margin ranged from 4.45% to 10.22% over the past five years, indicating some volatility in its bottom-line profitability performance.
In summary, ASGN Inc's profitability ratios demonstrate a mix of stability and variability over the five-year period, with the company showing strengths in managing operating expenses and improving pre-tax profitability, despite some fluctuations in net profit margin.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 10.27% | 11.42% | 10.02% | 8.58% | 9.39% |
| Return on assets (ROA) | 6.19% | 7.48% | 11.70% | 6.11% | 5.94% |
| Return on total capital | 12.43% | 13.84% | 18.25% | 11.60% | 11.72% |
| Return on equity (ROE) | 11.59% | 14.10% | 21.97% | 12.62% | 12.69% |
ASGN Inc's profitability ratios have shown some fluctuations over the past five years. The operating return on assets (Operating ROA) has ranged from 9.47% to 11.42%, indicating the company's ability to generate operating profits from its assets has been relatively steady.
The return on assets (ROA) has varied between 5.94% and 11.70% over the same period, with a downward trend until 2022 before a significant increase in 2023 to 11.70%. This indicates the company's overall ability to generate profits from its total assets has been somewhat volatile.
The return on total capital has fluctuated between 11.85% and 13.80%, showing a relatively stable performance in generating returns from the total capital employed by the company.
The return on equity (ROE) has ranged from 11.59% to 21.97% over the five-year period, with a significant increase in 2021 followed by a slight decrease in the following years. This suggests that the company's ability to generate profits for its shareholders has been strong but has shown some variability.
Overall, ASGN Inc's profitability ratios indicate a generally solid performance in generating returns from its assets, capital, and equity, with some fluctuations in profitability metrics over the years.