ASGN Inc (ASGN)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,892,100	1,908,700	1,926,600	1,923,500	1,901,300	1,889,100	1,856,100	1,869,200	1,865,400	1,834,400	1,719,800	1,645,800	1,587,100	1,524,200	1,457,100	1,399,500	1,376,200	1,331,500	1,283,700	1,227,300
ROE		11.59%	11.77%	12.37%	13.04%	14.10%	15.75%	23.51%	22.90%	21.97%	20.73%	12.83%	12.47%	12.62%	12.09%	12.99%	13.12%	12.69%	13.62%	13.48%	13.32%

December 31, 2023 calculation

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

To analyze ASGN Inc's return on equity (ROE) based on the provided data, we can observe a general declining trend in the ROE over the mentioned quarters. The ROE decreased from 22.90% in Q1 2022 to 11.59% in Q4 2023. This suggests a potential decrease in the company's ability to generate profits from shareholders' equity during this period.

The ROE peaked at 23.51% in Q2 2022 but has since been consistently decreasing. This decline may indicate a reduction in the efficiency of utilizing equity to generate earnings, which could be a concern for investors.

It is essential for stakeholders to further investigate the factors contributing to this downward trend in ROE to assess the company's financial performance and sustainability. Analyzing aspects such as profitability, asset management, and financial leverage could provide insights into the underlying reasons for the decreasing ROE and help in making informed investment decisions regarding ASGN Inc.