ASGN Inc (ASGN)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,892,100	1,901,300	1,865,400	1,587,100	1,376,200
ROE		11.59%	14.10%	21.97%	12.62%	12.69%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $219,300K ÷ $1,892,100K
= 11.59%

ASGN Inc's Return on Equity (ROE) has shown a varying trend over the past five years. In 2023, the ROE decreased to 11.59% from 14.10% in 2022. This decline indicates a reduction in the company's ability to generate profit from shareholders' equity. Comparing to 2021, where the ROE was notably higher at 21.97%, the 2023 ROE reflects a significant drop in profitability efficiency.

Although the ROE in 2023 is lower than the previous year, it is still higher than the ROE reported in 2020 and 2019, which were 12.62% and 12.69%, respectively. This suggests that ASGN Inc's profitability in 2023 remains stronger than the performance seen in those years.

Overall, the fluctuating trend in ASGN Inc's ROE over the past five years indicates a mix of profitability levels. It would be advisable for stakeholders to further investigate the factors driving the recent decrease in ROE to ensure sustained and improved financial performance in the future.