ASGN Inc (ASGN)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 304,400 | 313,600 | 333,300 | 350,800 | 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 |
| Total assets | US$ in thousands | 3,429,000 | 3,431,700 | 3,450,800 | 3,488,800 | 3,544,600 | 3,578,900 | 3,561,300 | 3,525,300 | 3,585,700 | 3,611,200 | 3,524,500 | 3,491,200 | 3,502,800 | 3,626,500 | 3,458,800 | 3,334,500 | 3,278,000 | 3,211,600 | 3,065,500 | 3,017,500 |
| Operating ROA | 8.88% | 9.14% | 9.66% | 10.06% | 10.27% | 10.37% | 10.70% | 11.15% | 11.42% | 11.48% | 11.53% | 11.00% | 10.02% | 9.08% | 8.75% | 8.51% | 8.77% | 8.18% | 9.14% | 9.43% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $304,400K ÷ $3,429,000K
= 8.88%
Operating Return on Assets (Operating ROA) is a key financial ratio that measures a company's ability to generate operating profits from its assets. ASGN Inc's operating ROA has shown fluctuations over the period studied, ranging from a low of 8.18% in September 2020 to a high of 11.53% in June 2022.
The trend in operating ROA for ASGN Inc generally increased from September 2020 to December 2022, reaching its peak at 11.53% in June 2022. This indicates that the company was able to increase its operating profits relative to its assets during this period. However, there was a slight decline in operating ROA from June 2022 to December 2024, where it fell to 8.88%.
Overall, ASGN Inc's operating ROA performance suggests that the company has been able to effectively utilize its assets to generate operating profits, albeit with some fluctuations in efficiency over the analyzed period. Investors and stakeholders may want to closely monitor this ratio to assess the company's operational efficiency and profitability going forward.
Peer comparison
Dec 31, 2024