ASGN Inc (ASGN)

Operating return on assets (Operating ROA)

		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
Total assets	US$ in thousands	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	2,941,400	2,831,600	2,799,000	2,814,600
Operating ROA		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%	9.39%	10.65%	10.18%	9.85%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $364,100K ÷ $3,544,600K
= 10.27%

To analyze ASGN Inc's operating return on assets (ROA) performance based on the provided data, we observe a consistent trend over the past eight quarters. The operating ROA has ranged from 10.27% to 11.42% during this period.

The company's operating ROA peaked at 11.42% in Q4 2022 and has since been gradually decreasing to 10.27% in Q4 2023. This decline may indicate potential challenges in generating operating income from its assets efficiently.

Despite the slight decline, ASGN Inc has maintained an average operating ROA of approximately 10.95% over the eight quarters, reflecting a stable operational performance. Investors and stakeholders may view this consistent performance favorably as it demonstrates the company's ability to generate operating profits relative to its asset base.

Further analysis and comparison with industry benchmarks and peers could provide additional insights into ASGN Inc's operational efficiency and profitability relative to its competitors.