Expeditors International of Washington Inc (EXPD)

Return on assets (ROA)

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 752,883 813,440 1,056,296 1,237,301 1,357,399 1,590,955 1,535,814 1,474,381 1,415,492 1,161,280 993,519 861,016 696,140 634,846 603,760 573,040 590,395 632,279 634,750 622,206
Total assets US$ in thousands 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 3,691,880 3,706,450 3,646,990 3,642,910
ROA 16.64% 17.77% 23.14% 23.20% 24.28% 24.08% 20.86% 18.53% 18.60% 16.41% 16.69% 15.78% 14.13% 14.57% 15.85% 16.33% 15.99% 17.06% 17.40% 17.08%

December 31, 2023 calculation

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

Expeditors International Of Washington, Inc.'s return on assets (ROA) has shown some fluctuations over the past eight quarters. The ROA ranged from a high of 24.28% in Q4 2022 to a low of 16.64% in Q4 2023. Overall, the ROA has been relatively strong, with all values consistently above 15%.

The trend indicates that the company has been effectively utilizing its assets to generate profits, with ROA peaking in Q4 2022 and showing some slight decline in the most recent quarters. However, even with the fluctuations, the ROA remains at a healthy level, indicating efficient management of assets to generate earnings.

It is essential for Expeditors International Of Washington, Inc. to continue monitoring and managing its asset utilization to maintain and potentially improve its return on assets in the future.


Peer comparison

Dec 31, 2023