Expeditors International of Washington, Inc. (EXPD)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	1,041,320	939,933	1,824,370	1,909,330	940,437
Total assets	US$ in thousands	4,754,460	4,623,410	5,590,430	7,609,930	4,927,500
Operating ROA		21.90%	20.33%	32.63%	25.09%	19.09%

December 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $1,041,320K ÷ $4,754,460K
= 21.90%

Expeditors International of Washington, Inc.'s operating return on assets (ROA) has shown a positive trend over the years. Starting at 19.09% on December 31, 2020, the operating ROA increased to 25.09% by December 31, 2021. The trend continued upwards, reaching 32.63% on December 31, 2022, indicating efficient management of operating assets to generate operating profits.

However, there was a slight dip in operating ROA to 20.33% by December 31, 2023, before recovering to 21.90% by December 31, 2024. This indicates some fluctuations in the company's operating efficiency and profitability during this period.

Overall, the upward trend in operating ROA reflects Expeditors International of Washington, Inc.'s ability to utilize its assets effectively to generate operating income, though the fluctuations in between suggest a need for continued monitoring and strategic adjustments to maintain or improve operating performance in the future.