ManpowerGroup Inc (MAN)

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	88,800	222,000	303,000	360,000	373,800	436,200	422,600	412,000	382,400	347,500	260,100	84,100	23,800	86,400	222,200	413,900	465,700	485,200	497,100	513,200
Total assets	US$ in thousands	8,830,200	8,588,800	8,869,200	8,889,600	9,130,400	8,556,900	9,618,500	9,721,100	9,828,900	9,452,300	9,462,400	9,244,500	9,328,200	8,949,300	8,459,600	8,676,900	9,223,800	8,753,200	9,048,300	8,818,400
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%

December 31, 2023 calculation

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

ManpowerGroup's Return on Assets (ROA) has shown a downward trend over the past eight quarters. In Q4 2023, the ROA was 1.01%, which was lower compared to the previous quarters. This decline in ROA suggests that the company's ability to generate profits from its assets has weakened.

The highest ROA was recorded in Q3 2022 at 5.10%, indicating efficient asset management and profitability during that period. However, there has been a gradual decrease in ROA since then.

Overall, the decreasing trend in ROA raises concerns about ManpowerGroup's efficiency in utilizing its assets to generate earnings. Further analysis of the company's operational performance and asset utilization may be warranted to address the declining ROA trend.