Expeditors International of Washington, Inc. (EXPD)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	1,041,323	939,617	854,162	878,740	939,933	1,070,241	1,381,095	1,638,580	1,824,371	2,118,194	2,080,908	1,985,571	1,909,326	1,567,608	1,329,916	1,166,897	940,437	838,966	793,571	738,146
Total assets	US$ in thousands	4,754,460	5,170,920	4,788,340	4,488,270	4,523,810	4,578,120	4,564,040	5,332,580	5,590,430	6,607,530	7,361,140	7,955,990	7,609,930	7,076,380	5,953,170	5,455,000	4,927,500	4,358,550	3,810,180	3,509,970
Operating ROA		21.90%	18.17%	17.84%	19.58%	20.78%	23.38%	30.26%	30.73%	32.63%	32.06%	28.27%	24.96%	25.09%	22.15%	22.34%	21.39%	19.09%	19.25%	20.83%	21.03%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $1,041,323K ÷ $4,754,460K
= 21.90%

Expeditors International of Washington, Inc. has shown fluctuations in its operating return on assets (operating ROA) over the past few years. The operating ROA has generally been above 20%, indicating that the company has been efficient in generating operating income relative to its total assets.

The trend in operating ROA shows some variations, with some quarters performing better than others. For instance, the operating ROA increased from around 21% in March 2020 to a peak of over 32% in December 2022, reflecting a period of strong operational performance and asset utilization efficiency.

However, there were periods of decline in operating ROA, such as in the third quarter of 2023 when it dropped to 23.38%. These fluctuations may indicate changes in the company's operational efficiency, asset productivity, or overall profitability during those periods.

It is essential for stakeholders to closely monitor the operating ROA trend to assess Expeditors International of Washington, Inc.'s ability to generate profits from its operating activities relative to the assets employed in the business. Further analysis and comparison with industry benchmarks can provide valuable insights into the company's operational performance and potential areas for improvement.