ExlService Holdings Inc (EXLS)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	238,755	235,484	225,365	207,635	192,162	177,225	169,552	158,301	155,881	158,086	150,054	124,090	110,022	95,073	83,089	87,079	76,453	51,046	48,298	51,532
Total assets	US$ in thousands	1,441,970	1,402,490	1,362,700	1,308,570	1,346,120	1,318,730	1,290,930	1,274,550	1,282,900	1,168,070	1,169,350	1,226,370	1,247,860	1,219,480	1,193,610	1,267,260	1,183,090	1,145,980	1,137,470	1,182,580
Operating ROA		16.56%	16.79%	16.54%	15.87%	14.28%	13.44%	13.13%	12.42%	12.15%	13.53%	12.83%	10.12%	8.82%	7.80%	6.96%	6.87%	6.46%	4.45%	4.25%	4.36%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $238,755K ÷ $1,441,970K
= 16.56%

ExlService Holdings Inc's operating return on assets (ROA) has shown a consistent upward trend over the past eight quarters, indicating improved operational efficiency and profitability. The operating ROA increased from 12.42% in Q1 2022 to 16.56% in Q4 2023. This suggests that the company has been able to generate more operating income relative to its total assets, reflecting effective asset utilization and management. The gradual improvement in operating ROA signifies enhanced operational performance and potential for sustained profitability.