Expeditors International of Washington, Inc. (EXPD)

Return on assets (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
Net income (ttm)	US$ in thousands	810,073	732,914	674,693	696,024	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
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
ROA		17.04%	14.17%	14.09%	15.51%	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%

December 31, 2024 calculation

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

Expeditors International of Washington, Inc. has experienced fluctuations in its return on assets (ROA) over the past few years. The ROA was strong at the beginning of the analyzed period, standing at 16.33% as of March 31, 2020, but then slightly decreased to 15.85% by June 30, 2020, and further declined to 14.57% by September 30, 2020.

However, the company's ROA started to improve from the end of 2020 onwards. From December 31, 2020, the ROA increased steadily to reach a peak of 24.28% by December 31, 2022. During this period, the company demonstrated efficient utilization of its assets to generate profits for its shareholders.

Subsequently, there was a slight decline in ROA to 16.64% by December 31, 2023, followed by a further decrease to 14.17% by September 30, 2024. However, the company managed to improve its ROA to 17.04% by the end of December 2024.

Overall, Expeditors International of Washington, Inc. has shown a mixture of strong and weakening performance in terms of ROA over the analyzed period. It is essential for the company to focus on maintaining and improving its asset utilization efficiency to sustain profitability and enhance shareholder value in the future.