ASGN Net Income vs Operating Income Analysis

ASGN Stock

USD 90.98 0.09 0.1%

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 Net Income and its Operating Income 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 closely tied with the direction of predictive economic indicators such as signals in price.

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ASGN Inc Net Income account and Operating Income. At this time, the significance of the direction appears to have totally related.

The correlation between ASGN's Net Income and Operating Income is 0.99. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income 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 Net Income and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of ASGN Inc are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Net Income i.e., ASGN's Net Income and Operating Income go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in ASGN Inc financial statement analysis. It represents the amount of money remaining after all of ASGN Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Operating Income

Operating Income is the amount of profit realized from ASGN Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of ASGN Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

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 closely tied 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 28th of November 2024, Enterprise Value Over EBITDA is likely to grow to 15.38, 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

Gross Profit Total Revenue

ASGN fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Non Currrent Assets Other	Intangible Assets	Non Current Liabilities Total	Common Stock Total Equity	Other Assets	Good Will	Property Plant Equipment
Total Assets		0.87	0.98	0.99	0.93	0.88	0.96	0.86	0.65	0.99	0.65	0.99	0.46	0.73	0.9	0.99	0.9	0.97	0.48	-0.29	0.94	0.98	0.51	0.34	0.99	0.87
Other Current Liab	0.87		0.86	0.88	0.7	0.69	0.88	0.69	0.67	0.85	0.67	0.84	0.31	0.81	0.73	0.85	0.79	0.88	0.35	-0.28	0.79	0.83	0.34	0.42	0.87	0.73
Total Current Liabilities	0.98	0.86		0.98	0.91	0.82	0.96	0.86	0.71	0.97	0.71	0.96	0.44	0.78	0.86	0.97	0.9	0.98	0.45	-0.33	0.9	0.95	0.46	0.41	0.97	0.81
Total Stockholder Equity	0.99	0.88	0.98		0.91	0.83	0.98	0.81	0.67	0.98	0.67	0.98	0.41	0.75	0.89	0.96	0.94	0.97	0.46	-0.33	0.91	0.94	0.48	0.37	0.98	0.88
Property Plant And Equipment Net	0.93	0.7	0.91	0.91		0.84	0.89	0.88	0.58	0.93	0.58	0.89	0.36	0.7	0.8	0.93	0.83	0.88	0.39	-0.28	0.83	0.92	0.39	0.2	0.92	0.81
Net Debt	0.88	0.69	0.82	0.83	0.84		0.77	0.89	0.27	0.92	0.27	0.91	0.52	0.45	0.86	0.92	0.68	0.76	0.51	-0.18	0.94	0.94	0.57	-0.02	0.91	0.84
Retained Earnings	0.96	0.88	0.96	0.98	0.89	0.77		0.8	0.69	0.95	0.69	0.95	0.25	0.78	0.79	0.93	0.97	0.96	0.31	-0.43	0.83	0.9	0.32	0.39	0.96	0.86
Accounts Payable	0.86	0.69	0.86	0.81	0.88	0.89	0.8		0.39	0.88	0.39	0.86	0.3	0.58	0.7	0.9	0.71	0.78	0.33	-0.26	0.79	0.9	0.33	0.05	0.88	0.77
Cash	0.65	0.67	0.71	0.67	0.58	0.27	0.69	0.39		0.56	1.0	0.55	0.2	0.76	0.5	0.61	0.65	0.8	0.2	-0.15	0.48	0.57	0.17	0.87	0.57	0.3
Non Current Assets Total	0.99	0.85	0.97	0.98	0.93	0.92	0.95	0.88	0.56		0.56	0.99	0.46	0.69	0.91	0.99	0.89	0.94	0.5	-0.28	0.95	0.98	0.52	0.24	1.0	0.9
Cash And Short Term Investments	0.65	0.67	0.71	0.67	0.58	0.27	0.69	0.39	1.0	0.56		0.55	0.2	0.76	0.5	0.61	0.65	0.8	0.2	-0.15	0.48	0.57	0.17	0.87	0.57	0.3
Net Receivables	0.99	0.84	0.96	0.98	0.89	0.91	0.95	0.86	0.55	0.99	0.55		0.48	0.63	0.91	0.98	0.89	0.94	0.5	-0.32	0.95	0.97	0.52	0.28	0.99	0.89
Common Stock Shares Outstanding	0.46	0.31	0.44	0.41	0.36	0.52	0.25	0.3	0.2	0.46	0.2	0.48		0.15	0.75	0.49	0.17	0.42	0.89	0.3	0.64	0.51	0.94	0.16	0.43	0.28
Other Current Assets	0.73	0.81	0.78	0.75	0.7	0.45	0.78	0.58	0.76	0.69	0.76	0.63	0.15		0.55	0.7	0.72	0.79	0.19	-0.4	0.57	0.66	0.16	0.41	0.7	0.53
Other Stockholder Equity	0.9	0.73	0.86	0.89	0.8	0.86	0.79	0.7	0.5	0.91	0.5	0.91	0.75	0.55		0.9	0.72	0.85	0.76	-0.05	0.96	0.91	0.8	0.25	0.88	0.79
Total Liab	0.99	0.85	0.97	0.96	0.93	0.92	0.93	0.9	0.61	0.99	0.61	0.98	0.49	0.7	0.9		0.84	0.95	0.5	-0.24	0.96	1.0	0.53	0.3	0.99	0.84
Property Plant And Equipment Gross	0.9	0.79	0.9	0.94	0.83	0.68	0.97	0.71	0.65	0.89	0.65	0.89	0.17	0.72	0.72	0.84		0.9	0.28	-0.51	0.75	0.81	0.27	0.39	0.9	0.86
Total Current Assets	0.97	0.88	0.98	0.97	0.88	0.76	0.96	0.78	0.8	0.94	0.8	0.94	0.42	0.79	0.85	0.95	0.9		0.43	-0.3	0.87	0.93	0.44	0.54	0.94	0.76
Common Stock	0.48	0.35	0.45	0.46	0.39	0.51	0.31	0.33	0.2	0.5	0.2	0.5	0.89	0.19	0.76	0.5	0.28	0.43		0.21	0.6	0.5	0.93	0.09	0.47	0.41
Non Currrent Assets Other	-0.29	-0.28	-0.33	-0.33	-0.28	-0.18	-0.43	-0.26	-0.15	-0.28	-0.15	-0.32	0.3	-0.4	-0.05	-0.24	-0.51	-0.3	0.21		-0.15	-0.2	0.28	-0.08	-0.32	-0.27
Intangible Assets	0.94	0.79	0.9	0.91	0.83	0.94	0.83	0.79	0.48	0.95	0.48	0.95	0.64	0.57	0.96	0.96	0.75	0.87	0.6	-0.15		0.96	0.67	0.23	0.94	0.82
Non Current Liabilities Total	0.98	0.83	0.95	0.94	0.92	0.94	0.9	0.9	0.57	0.98	0.57	0.97	0.51	0.66	0.91	1.0	0.81	0.93	0.5	-0.2	0.96		0.54	0.26	0.98	0.84
Common Stock Total Equity	0.51	0.34	0.46	0.48	0.39	0.57	0.32	0.33	0.17	0.52	0.17	0.52	0.94	0.16	0.8	0.53	0.27	0.44	0.93	0.28	0.67	0.54		0.07	0.5	0.44
Other Assets	0.34	0.42	0.41	0.37	0.2	-0.02	0.39	0.05	0.87	0.24	0.87	0.28	0.16	0.41	0.25	0.3	0.39	0.54	0.09	-0.08	0.23	0.26	0.07		0.26	-0.04
Good Will	0.99	0.87	0.97	0.98	0.92	0.91	0.96	0.88	0.57	1.0	0.57	0.99	0.43	0.7	0.88	0.99	0.9	0.94	0.47	-0.32	0.94	0.98	0.5	0.26		0.9
Property Plant Equipment	0.87	0.73	0.81	0.88	0.81	0.84	0.86	0.77	0.3	0.9	0.3	0.89	0.28	0.53	0.79	0.84	0.86	0.76	0.41	-0.27	0.82	0.84	0.44	-0.04	0.9

Click cells to compare fundamentals

ASGN Account Relationship Matchups

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	330.3M	343M	319.7M	284.3M	298.5M
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	38.3M	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	602.8M	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	117.2M	71.6M	57.2M	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

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.

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.

Pair Correlation Correlation Matching

When determining whether ASGN Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ASGN's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Asgn Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Asgn Inc Stock:

How To Invest In ASGN

Details

Is ASGN Stock a good investment?

Details

What is ASGN's Net Worth?

Details

Largest Human Resource & Employment Services Companies

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Largest Commercial & Professional Services Companies

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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 closely tied with the direction of predictive economic indicators such as signals in price.

You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Is Human Resource & Employment Services space 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

(0.14)

Earnings Share

3.96

Revenue Per Share

91.558

Quarterly Revenue Growth

(0.08)

Return On Assets

0.0559

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.

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ASGN Net Income vs Operating Income Analysis

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

Correlation Coefficient

Net Income

Operating Income

ASGN fundamental ratios Correlations

ASGN Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ASGN fundamental ratios Accounts

Pair Trading with ASGN

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Good Will	+ 1.0	Non Current Assets Total
Non Current Liabilities Total	+ 1.0	Total Liab
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Net Receivables	+ 0.99	Total Assets

Non Currrent Assets Other	- 0.51	Property Plant And Equipment Gross
Non Currrent Assets Other	- 0.43	Retained Earnings
Non Currrent Assets Other	- 0.4	Other Current Assets
Non Currrent Assets Other	- 0.33	Total Stockholder Equity
Non Currrent Assets Other	- 0.33	Total Current Liabilities
Good Will	- 0.32	Non Currrent Assets Other