ExlService Holdings Inc (EXLS)

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	184,558	176,124	171,343	158,121	142,968	139,418	126,830	119,005	114,758	118,677	118,588	98,996	89,476	78,614	71,240	75,375	67,659	50,160	46,365	48,263
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
ROA		12.80%	12.56%	12.57%	12.08%	10.62%	10.57%	9.82%	9.34%	8.95%	10.16%	10.14%	8.07%	7.17%	6.45%	5.97%	5.95%	5.72%	4.38%	4.08%	4.08%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $184,558K ÷ $1,441,970K
= 12.80%

To analyze the Return on Assets (ROA) of ExlService Holdings Inc, we can observe a positive trend in ROA from Q1 2022 to Q4 2023. The ROA has steadily increased, indicating the company's ability to generate profits relative to its total assets.

In Q4 2023, the ROA reached its peak at 12.80%, reflecting an efficient utilization of assets to generate profits. This improvement in ROA is a positive sign of the company's operational efficiency and profitability.

Overall, the consistent growth in ROA over the past quarters suggests that ExlService Holdings Inc has been effectively managing its assets to generate profits for its shareholders. This trend is indicative of a strong financial performance and efficient asset utilization by the company.