ASGN Inc (ASGN)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 28.76% | 29.05% | 29.33% | 29.65% | 29.90% | 29.95% | 29.65% | 29.22% | 28.49% | 27.74% | 27.05% | 26.76% | 27.05% | 27.46% | 28.21% | 28.68% | 28.80% | 29.06% | 29.24% | 29.41% |
| 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% |
| Pretax margin | 6.69% | 6.78% | 7.06% | 7.43% | 7.96% | 8.80% | 12.21% | 12.35% | 12.26% | 11.86% | 7.89% | 7.63% | 7.59% | 6.56% | 6.61% | 6.23% | 5.85% | 6.42% | 6.09% | 5.86% |
| Net profit margin | 4.93% | 4.96% | 5.17% | 5.43% | 5.85% | 6.63% | 10.01% | 10.21% | 10.22% | 9.86% | 5.98% | 5.79% | 5.72% | 5.08% | 5.08% | 4.75% | 4.45% | 4.74% | 4.64% | 4.49% |
ASGN Inc's profitability ratios based on the provided data show a consistent trend over the past eight quarters. The gross profit margin has remained relatively stable, fluctuating between 28.76% to 29.90%. This indicates that the company has been able to effectively manage its production costs and maintain a consistent level of profitability on its core operations.
The operating profit margin has shown a slight decrease over the quarters, from 9.33% in Q3 2022 to 8.18% in Q4 2023. This may suggest that ASGN Inc's operating expenses have increased relative to its revenues, impacting its profitability at the operating level.
Similarly, the pretax margin and net profit margin have also demonstrated a downward trend over the quarters. The pretax margin decreased from 8.39% in Q3 2022 to 6.69% in Q4 2023, while the net profit margin decreased from 10.50% in Q1 2022 to 4.93% in Q4 2023. These declines indicate that ASGN Inc may be experiencing challenges in controlling its costs or generating higher revenues to offset its expenses.
Overall, the consistent gross profit margin coupled with the declining operating, pretax, and net profit margins suggest that ASGN Inc may need to revisit its cost structure and revenue generation strategies to improve its overall profitability in the future.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 6.19% | 6.28% | 6.69% | 7.11% | 7.48% | 8.24% | 12.38% | 12.26% | 11.70% | 10.49% | 6.38% | 6.15% | 6.11% | 5.74% | 6.18% | 6.08% | 5.94% | 6.40% | 6.18% | 5.81% |
| Return on total capital | 12.43% | 12.76% | 19.88% | 20.54% | 13.84% | 15.07% | 19.98% | 19.36% | 18.25% | 16.87% | 12.07% | 11.63% | 11.65% | 18.36% | 11.71% | 11.78% | 11.72% | 13.01% | 12.33% | 11.86% |
| Return on equity (ROE) | 11.59% | 11.77% | 12.37% | 13.04% | 14.10% | 15.75% | 23.51% | 22.90% | 21.97% | 20.73% | 12.83% | 12.47% | 12.62% | 12.09% | 12.99% | 13.12% | 12.69% | 13.62% | 13.48% | 13.32% |
ASGN Inc's profitability ratios show a generally stable performance, albeit with some fluctuations over the past eight quarters.
The Operating Return on Assets (Operating ROA) has ranged from 10.27% to 11.42% during the last year, indicating the company generates between approximately 10-11 cents of operating profit for every dollar of assets. This suggests efficient asset utilization in generating operating income.
The Return on Assets (ROA) has fluctuated between 6.19% and 7.48% in the same period. ROA measures the company's overall profitability by indicating how well it's utilizing its assets to generate earnings. The trend shows variability but a gradual decrease in the ratio.
Return on Total Capital shows consistent performance ranging from 12.43% to 13.80%, reflecting the company's ability to generate profits from both equity and debt capital employed in the business.
Return on Equity (ROE) has displayed more significant fluctuations, ranging from 11.59% to 15.75% in the past year. This measure gauges the return generated for shareholders' investments, and the decline in ROE could be due to increases in debt or declines in net income during certain periods.
In conclusion, ASGN Inc has maintained stable profitability ratios over the period, although some fluctuations suggest the need for ongoing monitoring of its asset management and overall profitability.