ASGN Inc (ASGN)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	1,280,000	1,315,200	1,351,700	1,369,400	1,369,600	1,343,200	1,293,000	1,225,300	1,142,400	1,069,500	997,100	948,300	947,200	995,900	1,051,000	1,108,700	1,130,000	1,112,500	1,091,200	1,069,900
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
Gross profit margin		28.76%	29.05%	29.33%	29.65%	29.90%	29.95%	29.65%	29.22%	28.49%	27.74%	27.05%	26.76%	27.05%	27.46%	28.21%	28.68%	28.80%	29.06%	29.24%	29.41%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,280,000K ÷ $4,450,600K
= 28.76%

ASGN Inc's gross profit margin has shown a slight fluctuation over the past eight quarters. The margin has ranged from a low of 28.76% in Q4 2023 to a high of 29.90% in Q4 2022. Overall, the company has been able to maintain a gross profit margin above 29% for most quarters, indicating efficient cost management and healthy pricing strategies. The consistency in maintaining a gross profit margin above 29% suggests a stable and profitable operating environment for ASGN Inc. These variations could be due to factors such as changes in cost of goods sold, pricing strategies, or shifts in sales mix. The company's ability to effectively manage its costs while maintaining a relatively stable gross profit margin demonstrates operational strength and competitive positioning within its industry.