ASGN Inc (ASGN)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 219,300 | 268,100 | 409,900 | 200,300 | 174,700 |
| Total assets | US$ in thousands | 3,544,600 | 3,585,700 | 3,502,800 | 3,278,000 | 2,941,400 |
| ROA | 6.19% | 7.48% | 11.70% | 6.11% | 5.94% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $219,300K ÷ $3,544,600K
= 6.19%
ASGN Inc's return on assets (ROA) has shown some fluctuations over the past five years. The ROA decreased from 11.70% in 2021 to 6.11% in 2020, before slightly increasing to 7.48% in 2022, and then decreasing again to 6.19% in 2023. Overall, ASGN Inc has maintained a positive ROA, indicating its ability to generate profits from its assets. It's worth noting that the ROA has been above 5% in all years, which suggests that the company is utilizing its assets efficiently to generate earnings. However, the fluctuations in ROA may warrant further investigation into the factors driving these changes and potential areas for improvement in asset utilization efficiency.
Peer comparison
Dec 31, 2023