ExlService Holdings Inc (EXLS)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	184,558	142,968	114,758	89,476	67,659
Total stockholders’ equity	US$ in thousands	889,437	758,179	693,156	719,172	670,001
ROE		20.75%	18.86%	16.56%	12.44%	10.10%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $184,558K ÷ $889,437K
= 20.75%

ExlService Holdings Inc has shown a consistent improvement in its return on equity (ROE) over the past five years. The ROE increased from 10.10% in 2019 to 20.75% in 2023, indicating a positive trend in the company's ability to generate profits from shareholders' equity. This suggests that the company has been effectively utilizing its equity capital to generate earnings for shareholders. The steady increase in ROE reflects the company's efficient management of its resources and profitability over the years. Overall, the trend in ExlService Holdings Inc's ROE demonstrates a positive trajectory in the company's financial performance and shareholder value creation.