ASGN Inc (ASGN)

Operating 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
Operating income (ttm)	US$ in thousands	364,100	371,100	380,900	393,100	409,500	414,600	406,300	384,100	350,900	329,300	302,700	283,900	287,400	262,800	280,200	284,400	276,200	301,500	284,800	277,200
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
Operating profit margin		8.18%	8.20%	8.27%	8.51%	8.94%	9.25%	9.32%	9.16%	8.75%	8.54%	8.21%	8.01%	8.21%	7.25%	7.52%	7.36%	7.04%	7.88%	7.63%	7.62%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $364,100K ÷ $4,450,600K
= 8.18%

ASGN Inc's operating profit margin has shown a gradual decrease over the past four quarters. The trend indicates a slight decline from 8.94% in Q4 2022 to 8.18% in Q4 2023. Although the operating profit margin remains above 8% in each quarter, management may need to review operational efficiencies and cost management strategies to sustain or improve profitability in the future. It is important for the company to monitor and address any factors impacting the operating profit margin to ensure long-term financial health and performance.