Expeditors International of Washington Inc (EXPD)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	752,883	1,357,400	1,415,490	696,140	590,395
Total assets	US$ in thousands	4,523,810	5,590,430	7,609,930	4,927,500	3,691,880
ROA		16.64%	24.28%	18.60%	14.13%	15.99%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $752,883K ÷ $4,523,810K
= 16.64%

Expeditors International Of Washington, Inc.'s return on assets (ROA) has varied over the past five years. The ROA was 16.64% in 2023, a decrease from the previous year's 24.28%. Despite this decrease, the company's ROA remains relatively high, indicating that it is effective in generating profits from its assets. The 2023 ROA of 16.64% is higher than the ROA in 2021 and 2020, suggesting improved asset utilization efficiency. However, it is lower compared to the peak ROA of 24.28% in 2022. Overall, the company has shown consistent performance in generating returns from its assets over the years, with fluctuations in ROA reflecting changes in asset management efficiency and profitability levels.