ExlService Holdings Inc (EXLS)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	889,437	856,087	834,214	795,222	758,179	704,584	685,653	700,341	693,156	684,985	728,014	726,225	719,172	709,928	680,928	655,904	670,001	647,683	641,353	630,576
ROE		20.75%	20.57%	20.54%	19.88%	18.86%	19.79%	18.50%	16.99%	16.56%	17.33%	16.29%	13.63%	12.44%	11.07%	10.46%	11.49%	10.10%	7.74%	7.23%	7.65%

December 31, 2023 calculation

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

ExlService Holdings Inc has shown consistent improvement in its return on equity (ROE) over the past eight quarters, reflecting the company's ability to generate higher profits from shareholders' equity. The ROE has gradually increased from 16.99% in Q1 2022 to 20.75% in Q4 2023. This upward trend indicates that ExlService Holdings Inc has been effectively utilizing its shareholders' equity to generate profits.

The company's ROE performance in the latest quarter (Q4 2023) stood at 20.75%, which is higher compared to the previous quarters. This indicates a positive trend in the company's profitability and efficiency in generating returns for its shareholders. The consistent improvement in ROE is a positive sign for investors, showing that ExlService Holdings Inc is efficiently utilizing its resources to generate profits.

Overall, ExlService Holdings Inc's ROE performance reflects a strong financial position and effective management of its assets and liabilities to generate returns for its shareholders.