ManpowerGroup Inc (MAN)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 306,000 | 255,800 | 581,700 | 585,400 | 187,600 |
| Total assets | US$ in thousands | 8,201,000 | 8,830,200 | 9,130,400 | 9,828,900 | 9,328,200 |
| Operating ROA | 3.73% | 2.90% | 6.37% | 5.96% | 2.01% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $306,000K ÷ $8,201,000K
= 3.73%
Based on the data provided, ManpowerGroup Inc's operating return on assets (ROA) has shown variability over the five-year period from December 31, 2020, to December 31, 2024. The operating ROA increased from 2.01% in 2020 to 6.37% in 2022, indicating an improvement in the company's ability to generate operating income relative to its assets during this period.
However, there was a slight decline in operating ROA to 2.90% in 2023 before rising again to 3.73% in 2024. This fluctuation suggests that ManpowerGroup Inc's efficiency in utilizing its assets to generate operating profit experienced some instability during these years.
Overall, the trend in operating ROA for ManpowerGroup Inc reflects a mix of positive and negative movements, with the company experiencing both improvements and setbacks in its asset utilization efficiency over the five-year period. Further analysis would be needed to understand the specific factors contributing to these fluctuations and to assess the company's overall financial performance and operational effectiveness.
Peer comparison
Dec 31, 2024