Exponent Inc (EXPO)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	111,322	140,842	108,927	83,249	85,111
Total assets	US$ in thousands	646,777	586,662	683,739	580,096	563,411
Operating ROA		17.21%	24.01%	15.93%	14.35%	15.11%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $111,322K ÷ $646,777K
= 17.21%

Exponent Inc's operating return on assets (operating ROA) has displayed fluctuations over the past five years. The trend shows a decline from 24.01% in 2022 to 17.21% in 2023, which may signal a lower efficiency in generating operating income from its assets. However, compared to 2020 and 2019, the current operating ROA remains relatively higher, indicating an improvement in asset utilization and profitability. It is essential for Exponent Inc to closely monitor this metric to ensure sustained operational efficiency and profitability in the future.

Peer comparison

Dec 31, 2023

Company name

Symbol

Operating ROA

Exponent Inc

EXPO

17.21%