ManpowerGroup Inc (MAN)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	88,800	373,800	382,400	23,800	465,700
Total assets	US$ in thousands	8,830,200	9,130,400	9,828,900	9,328,200	9,223,800
ROA		1.01%	4.09%	3.89%	0.26%	5.05%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $88,800K ÷ $8,830,200K
= 1.01%

ManpowerGroup's return on assets (ROA) has varied over the past five years. In 2023, ManpowerGroup's ROA decreased to 1.01% from 4.09% in 2022. This decline may indicate lower profitability generated from its assets compared to the previous year. However, the ROA remained positive, signaling that the company is still generating a return on its assets.

Comparing the 2023 ROA to earlier years, it is notably lower than the 3.89% in 2021 and the 5.05% in 2019. This suggests a potential decrease in asset utilization or profitability efficiency in the most recent year.

The significant fluctuations in ROA over the years highlight the importance of closely monitoring and analyzing the company's asset management and operational performance to ensure sustained profitability and efficient use of resources.