Exponent Inc (EXPO)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 100,339 | 102,330 | 101,202 | 82,552 | 82,460 |
| Total assets | US$ in thousands | 646,777 | 586,662 | 683,739 | 580,096 | 563,411 |
| ROA | 15.51% | 17.44% | 14.80% | 14.23% | 14.64% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $100,339K ÷ $646,777K
= 15.51%
Exponent Inc has demonstrated a consistent trend in return on assets (ROA) over the past five years. The ROA has ranged from 14.23% to 17.44%, with the most recent ROA at 15.51% as of December 31, 2023. This indicates that, on average, the company generates 15.51 cents of profit for every dollar of assets it has.
The slight decrease in ROA from 2022 to 2023 may suggest a potential decline in efficiency in utilizing its assets to generate profits. However, it is important to consider the industry and economic conditions that may have impacted the company's performance.
Overall, Exponent Inc's ROA levels are relatively strong, indicating effective asset utilization and profitability. It is essential for the company to continue monitoring and optimizing its asset management strategies to sustain or improve its ROA in the future.
Peer comparison
Dec 31, 2023