Kelly Services A Inc (KELYA)

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	36,400	24,100	1,300	-4,000	-62,500	10,100	61,100	82,900	156,100	107,800	89,700	106,800	-72,000	-78,400	-105,600	-62,900	112,400	71,500	115,100	15,900
Total assets	US$ in thousands	2,581,600	2,550,000	2,595,000	2,588,600	2,663,800	2,681,900	2,735,200	2,785,600	2,894,200	2,803,500	2,746,900	2,610,100	2,561,900	2,391,700	2,318,700	2,261,800	2,480,600	2,476,300	2,542,300	2,472,200
ROA		1.41%	0.95%	0.05%	-0.15%	-2.35%	0.38%	2.23%	2.98%	5.39%	3.85%	3.27%	4.09%	-2.81%	-3.28%	-4.55%	-2.78%	4.53%	2.89%	4.53%	0.64%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $36,400K ÷ $2,581,600K
= 1.41%

The return on assets (ROA) of Kelly Services, Inc. has shown fluctuations over the past eight quarters. In Q4 2023, the ROA improved to 1.38%, a significant increase from the previous quarter's 0.93%. This indicates that the company was able to generate higher profit relative to its total assets during this period.

The trend in ROA for Kelly Services, Inc. over the past year has been volatile, with positive ROA figures in some quarters and negative figures in others. Q2 2022 and Q1 2022 saw the highest ROA values of 2.20% and 2.93%, respectively. These quarters suggest that the company was efficient in utilizing its assets to generate profits during that period.

On the other hand, Q4 2022 recorded the lowest ROA figure of -2.35%, indicating that the company incurred a loss relative to its total assets in that quarter. Additionally, Q1 2023 also had a negative ROA of -0.16%, signifying a decrease in profit generation efficiency during that period.

Overall, the ROA trend of Kelly Services, Inc. demonstrates variability in the company's ability to generate profits from its assets. The recent improvement in ROA in Q4 2023 is a positive sign, but the company should focus on maintaining or increasing this efficiency in future quarters to ensure sustainable profitability.