ASGN Inc (ASGN)

Net 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
Net income (ttm)	US$ in thousands	219,300	224,600	238,400	250,800	268,100	297,500	436,300	428,000	409,900	380,300	220,600	205,200	200,300	184,200	189,300	183,600	174,700	181,300	173,000	163,500
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
Net profit margin		4.93%	4.96%	5.17%	5.43%	5.85%	6.63%	10.01%	10.21%	10.22%	9.86%	5.98%	5.79%	5.72%	5.08%	5.08%	4.75%	4.45%	4.74%	4.64%	4.49%

December 31, 2023 calculation

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

ASGN Inc's net profit margin has shown a declining trend over the past eight quarters, decreasing from 10.50% in Q1 2022 to 4.93% in Q4 2023. This indicates that the company's profitability has been gradually decreasing. The decrease could be attributed to various factors such as increased operating expenses, declining revenues, or inefficient cost management. A lower net profit margin suggests that the company is generating less profit for every dollar of revenue earned. It is crucial for ASGN Inc to closely monitor and address the factors contributing to the declining net profit margin to ensure sustained profitability and financial health.