Exponent Inc (EXPO)
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 | 100,339 | 101,934 | 101,838 | 101,845 | 102,330 | 100,186 | 100,318 | 99,963 | 101,202 | 102,662 | 96,172 | 87,118 | 82,552 | 79,833 | 81,382 | 86,030 | 82,460 | 79,375 | 77,195 | 74,626 |
| Total assets | US$ in thousands | 646,777 | 602,462 | 604,284 | 566,427 | 586,662 | 559,003 | 566,704 | 617,548 | 683,739 | 638,305 | 618,871 | 577,022 | 580,096 | 534,666 | 513,187 | 483,663 | 563,411 | 544,491 | 520,641 | 489,220 |
| ROA | 15.51% | 16.92% | 16.85% | 17.98% | 17.44% | 17.92% | 17.70% | 16.19% | 14.80% | 16.08% | 15.54% | 15.10% | 14.23% | 14.93% | 15.86% | 17.79% | 14.64% | 14.58% | 14.83% | 15.25% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $100,339K ÷ $646,777K
= 15.51%
Exponent Inc has demonstrated varying levels of return on assets (ROA) over the past five years, with the ROA ranging from 14.23% to 17.98%. The company's ROA saw an upward trend from the first quarter of 2020 to the second quarter of 2023, reaching its peak at 17.98% in March 2023. However, there was a slight decrease in the most recent quarter, dropping to 15.51%.
The average ROA over the past five years is approximately 16.08%, indicating that Exponent Inc has been fairly efficient in generating profits relative to its total assets. The fluctuation in ROA may suggest changes in the company's asset utilization efficiency and/or profitability over time.
Overall, Exponent Inc's ROA performance suggests that the company has been effectively utilizing its assets to generate profits, although there may be fluctuations in efficiency and profitability that warrant further investigation and analysis into the company's operational and financial performance.
Peer comparison
Dec 31, 2023