ASGN Inc (ASGN)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	219,300	268,100	409,900	200,300	174,700
Revenue	US$ in thousands	4,450,600	4,581,100	4,009,500	3,502,100	3,415,600
Net profit margin		4.93%	5.85%	10.22%	5.72%	5.11%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $219,300K ÷ $4,450,600K
= 4.93%

The net profit margin of ASGN Inc has displayed fluctuating trends over the past five years, ranging from a low of 4.45% in 2019 to a high of 10.22% in 2021. The margin decreased in 2020 to 5.07% but improved again in 2022 to 5.85%. However, there was a decline in 2023 to 4.93%. This indicates that the company's ability to generate profits from its revenue has varied over the years, showing some inconsistency in its operational efficiency and cost management. Further analysis of the factors influencing these fluctuations would be necessary to determine the true underlying causes.