ASGN Inc (ASGN)

Operating return on assets (Operating ROA)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Operating income US$ in thousands 304,400 364,100 409,500 350,900 281,200
Total assets US$ in thousands 3,429,000 3,544,600 3,585,700 3,502,800 3,278,000
Operating ROA 8.88% 10.27% 11.42% 10.02% 8.58%

December 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $304,400K ÷ $3,429,000K
= 8.88%

The operating return on assets (operating ROA) for ASGN Inc has shown a generally upward trend over the five-year period from December 31, 2020, to December 31, 2024. Starting at 8.58% in 2020, the operating ROA increased to 10.02% in 2021, further to 11.42% in 2022, before experiencing a slight dip to 10.27% in 2023, and finally decreasing to 8.88% by the end of 2024.

The improvement in operating ROA from 2020 to 2022 indicates that ASGN Inc became more efficient in generating operating income from its assets during this period. However, the subsequent decline in operating ROA in 2023 and 2024 suggests potential challenges or changes in the company's operations that impacted profitability relative to its asset base.

Overall, the fluctuation in ASGN Inc's operating ROA highlights the importance of monitoring performance metrics over time to assess the company's operational efficiency and financial health. It would be prudent to further investigate the underlying factors driving these changes in operating ROA to provide a more comprehensive analysis of ASGN Inc's performance.