ASGN Gross Profit vs Income Tax Expense Analysis
ASGN Stock | USD 96.06 0.50 0.52% |
ASGN financial indicator trend analysis is way more than just evaluating ASGN Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ASGN Inc is a good investment. Please check the relationship between ASGN Gross Profit and its Income Tax Expense accounts. 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.
Gross Profit vs Income Tax Expense
Gross Profit vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ASGN Inc Gross Profit account and Income Tax Expense. At this time, the significance of the direction appears to have almost identical trend.
The correlation between ASGN's Gross Profit and Income Tax Expense is 0.93. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of ASGN Inc, assuming nothing else is changed. The correlation between historical values of ASGN's Gross Profit and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of ASGN Inc are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Gross Profit i.e., ASGN's Gross Profit and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
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.Income Tax Expense
Most indicators from ASGN's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 Selling General Administrative is very stable compared to the past year. As of the 2nd of May 2024, Enterprise Value Over EBITDA is likely to grow to 14.58, while Discontinued Operations is likely to drop about 1.3 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 fundamental ratios Correlations
Click cells to compare fundamentals
ASGN Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ASGN fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.9B | 3.3B | 3.5B | 3.6B | 3.5B | 3.7B | |
Other Current Liab | 55.3M | 80.9M | 102M | 294.8M | 303.8M | 319.0M | |
Total Current Liabilities | 340.9M | 416.2M | 450.9M | 441.9M | 394.1M | 413.8M | |
Total Stockholder Equity | 1.4B | 1.6B | 1.9B | 1.9B | 1.9B | 2.0B | |
Property Plant And Equipment Net | 168.3M | 154.3M | 112.1M | 117.4M | 145.6M | 152.9M | |
Net Debt | 1.0B | 851.3M | 567.8M | 1.1B | 929.3M | 975.8M | |
Retained Earnings | 744.7M | 926.3M | 1.2B | 1.2B | 1.2B | 1.3B | |
Accounts Payable | 39.2M | 39.8M | 20.1M | 35.2M | 34M | 35.7M | |
Cash | 95.2M | 274.4M | 529.6M | 70.3M | 175.9M | 184.7M | |
Non Current Assets Total | 2.1B | 2.3B | 2.2B | 2.6B | 2.6B | 2.7B | |
Cash And Short Term Investments | 95.2M | 274.4M | 529.6M | 70.3M | 175.9M | 184.7M | |
Net Receivables | 662.5M | 678.7M | 708.2M | 853.6M | 741.5M | 778.6M | |
Common Stock Shares Outstanding | 53.4M | 53.3M | 53.5M | 51.3M | 48.7M | 39.0M | |
Liabilities And Stockholders Equity | 2.9B | 3.3B | 3.5B | 3.6B | 3.5B | 3.7B | |
Other Current Assets | 4.4M | 18M | 30.4M | 17.3M | 55.9M | 58.7M | |
Other Stockholder Equity | 638M | 661.3M | 690.8M | 703.5M | 696M | 730.8M | |
Total Liab | 1.6B | 1.7B | 1.6B | 1.7B | 1.7B | 1.7B | |
Property Plant And Equipment Gross | 168.3M | 154.3M | 285.9M | 314.7M | 307.8M | 323.2M | |
Total Current Assets | 791.5M | 994.4M | 1.3B | 981.1M | 973.3M | 1.0B | |
Accumulated Other Comprehensive Income | (7M) | (1M) | (300K) | (2.7M) | (2.4M) | (2.6M) | |
Non Currrent Assets Other | 18.2M | 23M | 23.9M | (103.6M) | 33.7M | 20.7M | |
Intangible Assets | 488.7M | 476.5M | 487.9M | 569.6M | 497.9M | 522.8M | |
Non Current Liabilities Total | 1.2B | 1.3B | 1.2B | 1.2B | 1.3B | 1.3B | |
Other Assets | 18.2M | 110M | 1.3B | 25.6M | 29.4M | 28.0M | |
Good Will | 1.5B | 1.6B | 1.6B | 1.9B | 1.9B | 1.8B | |
Property Plant Equipment | 73.7M | 69.4M | 55M | 117.4M | 135.0M | 141.8M | |
Inventory | 29.4M | 23.3M | 41.2M | 39.9M | 231.8M | 243.4M | |
Other Liab | 116.3M | 178.4M | 603.5M | 143.6M | 165.1M | 173.4M | |
Short Long Term Debt Total | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 672.3M | |
Long Term Debt | 1.0B | 1.0B | 1.0B | 1.1B | 1.0B | 644.5M | |
Net Tangible Assets | (587.2M) | (519.2M) | (192M) | (560.3M) | (504.3M) | (529.5M) | |
Retained Earnings Total Equity | 586.1M | 744.7M | 926.3M | 1.2B | 1.4B | 1.4B | |
Capital Surpluse | 601.8M | 638M | 661.3M | 690.8M | 794.4M | 594.2M | |
Long Term Debt Total | 575.2M | 1.1B | 1.0B | 1.0B | 1.2B | 941.9M | |
Non Current Liabilities Other | 17.6M | 69.7M | 63.6M | 14.4M | 16.7M | 29.3M |
ASGN Investors Sentiment
The influence of ASGN's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in ASGN. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to ASGN's public news can be used to forecast risks associated with an investment in ASGN. The trend in average sentiment can be used to explain how an investor holding ASGN can time the market purely based on public headlines and social activities around ASGN Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
ASGN's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ASGN's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average ASGN's news discussions. The higher the estimated score, the more favorable is the investor's outlook on ASGN.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ASGN in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ASGN's short interest history, or implied volatility extrapolated from ASGN options trading.
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
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Moving against ASGN Stock
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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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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.
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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 (0.18) | Earnings Share 4.32 | Revenue Per Share 91.824 | Quarterly Revenue Growth (0.07) | Return On Assets 0.0627 |
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.