ASGN Historical Income Statement
| ASGN Stock | USD 95.55 0.82 0.87% |
Historical analysis of ASGN income statement accounts such as Interest Expense of 63.1 M, Selling General Administrative of 914 M or Total Revenue of 4.7 B can show how well ASGN Inc performed in making a profits. Evaluating ASGN income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of ASGN's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining ASGN Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether ASGN Inc is a good buy for the upcoming year.
ASGN |
About ASGN Income Statement Analysis
ASGN Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to ASGN shareholders. The income statement also shows ASGN investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
ASGN Income Statement Chart
ASGN Inc Income Statement is one of the three primary financial statements used for reporting ASGN's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of ASGN Inc revenue and expense. ASGN Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, ASGN's EBIT is very stable compared to the past year. As of the 19th of April 2024, EBITDA is likely to grow to about 382.3 M, while Interest Expense is likely to drop about 63.1 M. Add Fundamental
Total Revenue
Total revenue comprises all receipts ASGN Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of ASGN Inc minus its cost of goods sold. It is profit before ASGN operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of ASGN Inc. It is also known as ASGN overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from ASGN's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into ASGN Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASGN Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. At this time, ASGN's EBIT is very stable compared to the past year. As of the 19th of April 2024, EBITDA is likely to grow to about 382.3 M, while Interest Expense is likely to drop about 63.1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.1B | 1.4B | 1.3B | 1.3B | Total Revenue | 4.0B | 4.6B | 4.5B | 4.7B |
ASGN income statement Correlations
Click cells to compare fundamentals
ASGN Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ASGN income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 51.1M | 51.7M | 55.7M | 65.1M | 172M | 180.6M | |
| Interest Expense | 52.9M | 39.7M | 37.5M | 45.9M | 66.4M | 63.1M | |
| Selling General Administrative | 770.3M | 727.2M | 735.8M | 895M | 870.5M | 914.0M | |
| Total Revenue | 3.9B | 4.0B | 4.0B | 4.6B | 4.5B | 4.7B | |
| Gross Profit | 1.1B | 1.1B | 1.1B | 1.4B | 1.3B | 1.3B | |
| Other Operating Expenses | 3.6B | 3.6B | 3.7B | 4.2B | 4.0B | 4.2B | |
| Operating Income | 308.6M | 310.4M | 350.9M | 409.5M | 364.1M | 382.3M | |
| Ebit | 308.6M | 310.4M | 350.9M | 409.5M | 364.1M | 382.3M | |
| Ebitda | 359.7M | 362.1M | 406.6M | 474.6M | 364.1M | 382.3M | |
| Cost Of Revenue | 2.8B | 2.9B | 2.9B | 3.2B | 3.2B | 3.3B | |
| Total Operating Expenses | 821.4M | 778.9M | 791.5M | 960.1M | 844.2M | 886.4M | |
| Income Before Tax | 236.8M | 270.7M | 313.4M | 363.6M | 297.7M | 312.6M | |
| Net Income | 174.7M | 200.3M | 231.8M | 268.1M | 219.3M | 230.3M | |
| Income Tax Expense | 62M | 70.4M | 81.6M | 96.7M | 78.4M | 82.3M | |
| Total Other Income Expense Net | (71.8M) | (39.7M) | (37.5M) | (45.9M) | (66.4M) | (63.1M) | |
| Net Income Applicable To Common Shares | 174.7M | 200.3M | 409.9M | 268.1M | 308.3M | 323.7M | |
| Net Income From Continuing Ops | 174.8M | 200.3M | 231.8M | 266.9M | 224.6M | 150.9M | |
| Discontinued Operations | (300K) | (100K) | 178.1M | 1.2M | 1.4M | 1.3M | |
| Tax Provision | 62M | 70.4M | 81.6M | 96.7M | 82.4M | 72.0M | |
| Net Interest Income | (52.9M) | (39.7M) | (37.5M) | (45.9M) | (64.1M) | (67.3M) | |
| Reconciled Depreciation | 91.2M | 89.7M | 55.7M | 65.1M | 101.2M | 87.4M |
Pair Trading with ASGN
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ASGN position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ASGN will appreciate offsetting losses from the drop in the long position's value.Moving together with ASGN Stock
| 0.79 | WM | Waste Management Earnings Call This Week | PairCorr |
| 0.77 | VSEC | VSE Corporation Financial Report 6th of May 2024 | PairCorr |
Moving against ASGN Stock
| 0.7 | CLVT | CLARIVATE PLC Financial Report 14th of May 2024 | PairCorr |
| 0.68 | LNZA | LanzaTech Global Financial Report 20th of May 2024 | PairCorr |
| 0.64 | ARC | ARC Document Solutions Financial Report 1st of May 2024 | PairCorr |
| 0.46 | ACCO | Acco Brands Financial Report 2nd of May 2024 | PairCorr |
| 0.42 | AMBI | Ambipar Emergency Report 10th of May 2024 | PairCorr |
The ability to find closely correlated positions to ASGN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASGN when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ASGN - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ASGN Inc to buy it.
The correlation of ASGN is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ASGN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASGN Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ASGN can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASGN Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the ASGN Inc information on this page should be used as a complementary analysis to other ASGN's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for ASGN Stock analysis
When running ASGN's price analysis, check to measure ASGN's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ASGN is operating at the current time. Most of ASGN's value examination focuses on studying past and present price action to predict the probability of ASGN's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASGN's price. Additionally, you may evaluate how the addition of ASGN to your portfolios can decrease your overall portfolio volatility.
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |
Is ASGN's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ASGN. If investors know ASGN will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ASGN listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.05) | Earnings Share 4.5 | Revenue Per Share 92.145 | Quarterly Revenue Growth (0.07) | Return On Assets 0.0638 |
The market value of ASGN Inc is measured differently than its book value, which is the value of ASGN that is recorded on the company's balance sheet. Investors also form their own opinion of ASGN's value that differs from its market value or its book value, called intrinsic value, which is ASGN's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ASGN's market value can be influenced by many factors that don't directly affect ASGN's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ASGN's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASGN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASGN's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.