Century Communities Inc (CCS)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	259,224	525,126	498,504	206,157	112,994
Total stockholders’ equity	US$ in thousands	2,386,940	2,150,220	1,764,510	1,280,700	1,061,700
ROE		10.86%	24.42%	28.25%	16.10%	10.64%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $259,224K ÷ $2,386,940K
= 10.86%

Century Communities Inc's return on equity (ROE) has fluctuated over the past five years. In 2023, the company's ROE decreased to 10.86% from 24.42% in 2022. This drop may suggest a decrease in profitability for the company compared to the previous year. However, it is important to note that the ROE in 2023 is still above the 2019 level of 10.64%, indicating some level of improvement since then.

The ROE peaked in 2021 at 28.25%, reflecting a strong financial performance where the company generated significant returns for its shareholders relative to the equity invested. The 2021 ROE surpassed both the 2020 and 2019 levels, indicating improved efficiency in the utilization of equity.

Overall, Century Communities Inc's ROE has shown variability over the past five years, with fluctuations in profitability and shareholder returns. Investors and stakeholders may want to further investigate the factors behind these changes to assess the company's financial health and performance.