ManpowerGroup Inc (MAN)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 17.85% | 18.02% | 18.18% | 18.27% | 18.08% | 17.81% | 17.39% | 16.92% | 16.48% | 16.11% | 15.91% | 15.70% | 15.72% | 15.94% | 15.99% | 16.15% | 16.21% | 16.15% | 12.95% | 10.74% |
| Operating profit margin | 1.36% | 2.09% | 2.55% | 2.90% | 2.94% | 3.18% | 3.08% | 2.99% | 2.83% | 2.74% | 2.36% | 1.36% | 1.04% | 1.33% | 2.11% | 2.83% | 3.10% | 3.19% | 2.52% | 2.30% |
| Pretax margin | 1.09% | 1.85% | 2.37% | 2.74% | 2.82% | 3.09% | 2.99% | 2.92% | 2.75% | 2.63% | 2.25% | 1.22% | 0.82% | 1.12% | 1.88% | 2.99% | 3.29% | 3.40% | 2.68% | 2.18% |
| Net profit margin | 0.47% | 1.17% | 1.58% | 1.86% | 1.89% | 2.14% | 2.04% | 1.97% | 1.85% | 1.71% | 1.31% | 0.46% | 0.13% | 0.48% | 1.18% | 2.03% | 2.24% | 2.31% | 1.87% | 1.58% |
ManpowerGroup's profitability ratios indicate a trend of fluctuation over the past eight quarters. The gross profit margin has ranged from 16.89% to 18.20%, showing some variability in the company's ability to generate profits after accounting for the cost of goods sold.
The operating profit margin has also displayed variability, ranging from 1.64% to 3.17%. This suggests fluctuations in ManpowerGroup's operational efficiency and ability to control its operating expenses.
Similarly, the pretax margin has seen fluctuations from 1.09% to 3.08%, indicating variability in the company's ability to generate profits before accounting for taxes.
The net profit margin, representing the company's bottom line profitability, has fluctuated from 0.47% to 2.14%. This variability in net profit margin reflects fluctuations in ManpowerGroup's overall profitability after all expenses, including taxes and other non-operating costs, have been accounted for.
Overall, the fluctuations in these profitability ratios suggest that ManpowerGroup has experienced some volatility in its ability to generate profits and manage its expenses efficiently over the past eight quarters.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 2.90% | 4.61% | 5.50% | 6.31% | 6.37% | 7.57% | 6.62% | 6.44% | 5.96% | 5.89% | 4.95% | 2.69% | 2.01% | 2.69% | 4.68% | 6.65% | 6.99% | 7.67% | 7.41% | 8.49% |
| Return on assets (ROA) | 1.01% | 2.58% | 3.42% | 4.05% | 4.09% | 5.10% | 4.39% | 4.24% | 3.89% | 3.68% | 2.75% | 0.91% | 0.26% | 0.97% | 2.63% | 4.77% | 5.05% | 5.54% | 5.49% | 5.82% |
| Return on total capital | 7.96% | 16.49% | 20.00% | 22.45% | 17.07% | 26.91% | 26.14% | 24.58% | 18.96% | 22.52% | 19.61% | 10.49% | 5.29% | 9.31% | 15.68% | 25.12% | 19.29% | 27.82% | 28.45% | 29.04% |
| Return on equity (ROE) | 3.99% | 9.24% | 12.42% | 14.41% | 15.27% | 18.13% | 17.35% | 16.19% | 15.16% | 14.05% | 10.90% | 3.55% | 0.98% | 3.34% | 8.80% | 15.80% | 16.98% | 17.98% | 18.88% | 19.93% |
ManpowerGroup's profitability ratios show a trend of fluctuations over the past eight quarters.
Starting with Operating Return on Assets (Operating ROA), the company's performance in this metric has been gradually decreasing from 7.57% in Q3 2022 to 3.52% in Q4 2023. This indicates that the company's operating income generated from its assets has been on a declining trend.
Return on Assets (ROA) also follows a similar trend with a decrease from 5.10% in Q3 2022 to 1.01% in Q4 2023. This suggests that the overall profitability of ManpowerGroup in relation to its total assets has been decreasing over the quarters.
Return on Total Capital shows a fluctuating pattern, with variations in profitability from quarter to quarter. However, the trend indicates a general decrease from 19.61% in Q3 2022 to 9.64% in Q4 2023, which may suggest challenges in efficiently generating returns using the company's total capital.
Lastly, Return on Equity (ROE) also exhibits fluctuations in profitability, with a noticeable decrease from 18.13% in Q3 2022 to 3.99% in Q4 2023. This implies that the return generated for the company's equity shareholders has been declining.
Overall, the profitability ratios of ManpowerGroup reflect a mixed performance over the examined period, with some ratios showing steady declines and fluctuations. This analysis suggests that the company may be facing challenges in optimizing its profitability and effectively utilizing its assets and capital to generate returns for its stakeholders.