ASGN Inc (ASGN)

Return on assets (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
Net income (ttm)	US$ in thousands	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	174,700	181,300	173,000	163,500
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
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%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $219,300K ÷ $3,544,600K
= 6.19%

The return on assets (ROA) of ASGN Inc has shown a declining trend over the past few quarters, dropping from 12.38% in Q2 2022 to 6.19% in Q4 2023. This indicates that the company's ability to generate earnings from its assets has weakened. It is important to investigate the factors contributing to this decline, such as changes in asset utilization efficiency or profitability. A further analysis of ASGN Inc's financial performance and operational strategies may be necessary to determine the reasons behind the decrease in ROA and to identify potential areas for improvement.