ASGN Inc (ASGN)

Return on assets (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
Net income (ttm) US$ in thousands 175,200 183,100 195,000 207,900 219,300 224,600 238,400 250,800 268,100 297,500 436,300 428,000 409,900 380,300 220,600 205,200 200,300 184,200 189,300 183,600
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
ROA 5.11% 5.34% 5.65% 5.96% 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%

December 31, 2024 calculation

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

ASGN Inc's return on assets (ROA) has shown a fluctuating trend over the past five years. The ROA increased steadily from 6.08% as of March 31, 2020, to a peak of 12.38% as of June 30, 2022. This upward trend indicates that the company was efficiently utilizing its assets to generate profits during this period.

However, starting from September 30, 2022, the ROA began to decline, dropping to 5.11% as of December 31, 2024. This downward trend suggests a decrease in the company's ability to generate profits relative to its total assets. It is crucial for investors and stakeholders to monitor this indicator closely to assess the company's overall operational efficiency and profitability in utilizing its assets effectively over time.

Further analysis, including comparing ASGN Inc's ROA with industry peers and historical performance, would provide valuable insights into the company's financial health and performance.