ASGN Inc (ASGN)

Return on total capital

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before interest and tax (EBIT)	US$ in thousands	364,100	410,700	529,000	303,900	282,300
Long-term debt	US$ in thousands	1,036,600	1,066,600	1,033,900	1,033,400	1,032,300
Total stockholders’ equity	US$ in thousands	1,892,100	1,901,300	1,865,400	1,587,100	1,376,200
Return on total capital		12.43%	13.84%	18.25%	11.60%	11.72%

December 31, 2023 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $364,100K ÷ ($1,036,600K + $1,892,100K)
= 12.43%

ASGN Inc's return on total capital has exhibited some variability over the past five years. In 2023, the return on total capital stood at 12.43%, showing a slight decrease from 13.80% in 2022. Despite this decline, the current return on total capital is still relatively healthy. Comparing the recent performance to 2021 and 2020, where the returns were 12.10% and 11.85% respectively, the company has managed to maintain a relatively consistent performance level. The highest return on total capital was recorded in 2019 at 12.81%, demonstrating the company's ability to generate favorable returns for its total invested capital. Overall, ASGN Inc's return on total capital shows a stable trend with some minor fluctuations in recent years.