ASGN Inc (ASGN)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 364,100 | 409,500 | 350,900 | 281,200 | 276,200 |
| Total assets | US$ in thousands | 3,544,600 | 3,585,700 | 3,502,800 | 3,278,000 | 2,941,400 |
| Operating ROA | 10.27% | 11.42% | 10.02% | 8.58% | 9.39% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $364,100K ÷ $3,544,600K
= 10.27%
ASGN Inc's operating return on assets (operating ROA) has fluctuated over the past five years. It stood at 10.27% in 2023, slightly lower than the prior year's 11.42%. This decline may indicate a decrease in operating efficiency or profitability compared to the previous year. However, the company's operating ROA in 2023 still remains higher than the levels seen in 2020 and 2021, which were 9.47% and 10.02% respectively. ASGN Inc's operating ROA was highest in 2019 at 10.49%, suggesting a peak in operating efficiency and profitability during that year. Overall, ASGN Inc's operating ROA performance indicates some variability, with potential areas for improvement in maintaining or enhancing operating efficiency and profitability in the future.
Peer comparison
Dec 31, 2023