Expeditors International of Washington, Inc. (EXPD)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	810,073	752,883	1,357,400	1,415,490	696,140
Total assets	US$ in thousands	4,754,460	4,623,410	5,590,430	7,609,930	4,927,500
ROA		17.04%	16.28%	24.28%	18.60%	14.13%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $810,073K ÷ $4,754,460K
= 17.04%

Expeditors International of Washington, Inc. has shown a consistent increase in its return on assets (ROA) over the past five years. The ROA was 14.13% as of December 31, 2020, which rose to 18.60% by December 31, 2021, indicating an improving efficiency in generating profits from its assets.

By December 31, 2022, the ROA further increased to 24.28%, reaching its peak in the given period. This suggests that the company was able to enhance its asset utilization and efficiency in generating earnings during that year.

However, by the end of December 31, 2023, the ROA decreased to 16.28%, indicating a slight decline in profitability generated from its assets compared to the previous year.

Nevertheless, by December 31, 2024, the ROA rebounded to 17.04%, showing a recovery in asset efficiency and profitability. Overall, Expeditors International of Washington, Inc. has demonstrated a generally positive trend in its return on assets over the analyzed period, with fluctuations reflecting varying levels of asset utilization and profitability.