ASGN Inc (ASGN)

Return on assets (ROA)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income US$ in thousands 175,200 219,300 268,100 409,900 200,300
Total assets US$ in thousands 3,429,000 3,544,600 3,585,700 3,502,800 3,278,000
ROA 5.11% 6.19% 7.48% 11.70% 6.11%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $175,200K ÷ $3,429,000K
= 5.11%

Based on the provided data, ASGN Inc's return on assets (ROA) has shown some fluctuations over the years.

- In December 31, 2020, the ROA was 6.11%, indicating that for every dollar of assets the company held, it generated a profit of 6.11 cents.
- By December 31, 2021, the ROA improved significantly to 11.70%, suggesting that the company was more efficient in utilizing its assets to generate profits. This sharp increase could be a result of increased revenue or better asset management.
- However, in December 31, 2022, the ROA dropped to 7.48%, indicating a decrease in profitability relative to the previous year. This could be due to various factors such as increased expenses, lower revenue, or changes in asset utilization.
- The trend continued in December 31, 2023, with the ROA further declining to 6.19%. This suggests that the company may be facing challenges in maintaining or improving its profitability levels.
- By December 31, 2024, the ROA decreased even further to 5.11%, indicating a continuing downward trend in profitability relative to its asset base.

Overall, while ASGN Inc experienced fluctuations in its ROA over the years, it is important for the company to closely monitor its asset management and operational efficiency to ensure sustainable profitability in the long run.