Xpel Inc (XPEL)
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 | 45,489 | 48,561 | 47,325 | 48,033 | 52,800 | 49,187 | 48,849 | 45,010 | 41,380 | 39,226 | 34,239 | 32,523 | 31,567 | 31,452 | 29,729 | 23,517 | 18,281 | 16,803 | 14,698 | 13,730 |
| Total assets | US$ in thousands | 285,607 | 273,041 | 261,830 | 258,492 | 258,677 | 226,776 | 216,661 | 207,667 | 193,362 | 188,258 | 189,056 | 188,261 | 161,015 | 124,403 | 105,373 | 95,339 | 83,840 | 76,197 | 68,173 | 61,691 |
| ROA | 15.93% | 17.79% | 18.07% | 18.58% | 20.41% | 21.69% | 22.55% | 21.67% | 21.40% | 20.84% | 18.11% | 17.28% | 19.61% | 25.28% | 28.21% | 24.67% | 21.80% | 22.05% | 21.56% | 22.26% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $45,489K ÷ $285,607K
= 15.93%
Xpel Inc's return on assets (ROA) has shown some fluctuations over the past years. The ROA indicates the company's ability to generate profit from its assets.
From March 31, 2020, to June 30, 2021, the ROA was on an upward trend, increasing from 22.26% to 28.21%. This signifies that the company was effectively utilizing its assets to generate higher returns during this period.
However, from June 30, 2021, to December 31, 2024, the ROA experienced a gradual decline from 28.21% to 15.93%. This downward trend suggests a possible decrease in the company's profitability relative to its asset base.
It is crucial for Xpel Inc to closely monitor and analyze the factors influencing its ROA to maintain or improve profitability levels. Strategies to enhance asset efficiency, optimize resource allocation, and improve operational performance may help in boosting the ROA and ensuring sustained financial health.