Xpel Inc (XPEL)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 52,800 | 49,187 | 48,849 | 45,010 | 41,380 | 39,226 | 34,239 | 32,523 | 31,567 | 31,453 | 29,730 | 23,518 | 18,282 | 16,803 | 14,698 | 13,730 | |||
| Total assets | US$ in thousands | 252,041 | 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 | 51,601 | 47,406 | 43,349 |
| ROA | 20.95% | 21.69% | 22.55% | 21.67% | 21.40% | 20.84% | 18.11% | 17.28% | 19.61% | 25.28% | 28.21% | 24.67% | 21.81% | 22.05% | 21.56% | 22.26% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $52,800K ÷ $252,041K
= 20.95%
To analyze XPEL Inc's return on assets (ROA) over time, we reviewed the ROA figures from Q4 2022 to Q4 2023. The ROA indicates the company's efficiency in generating profit from its assets.
The trend in XPEL Inc's ROA shows a general improvement from Q1 2022 (17.28%) to Q4 2023 (20.95%). There was a consistent increase in ROA from Q1 2022 to Q2 2023, peaking at 22.55%. Although there was a slight decrease in Q3 2023 (21.69%), the ROA remained relatively strong in Q4 2023 at 20.95%.
This upward trend in ROA suggests that XPEL Inc is effectively utilizing its assets to generate profit, indicating operational efficiency and good management of resources. It is important for investors and stakeholders to monitor this trend over time to assess the company's financial health and operational performance.