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.