Century Communities Inc (CCS)

Return on equity (ROE)

		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	259,224	247,395	308,718	415,941	525,126	610,602	580,106	539,348	498,504	425,356	361,143	281,683	206,157	167,698	144,958	122,003	112,994	85,831	75,855	93,553
Total stockholders’ equity	US$ in thousands	2,386,940	2,292,660	2,221,920	2,171,640	2,150,220	2,072,000	1,951,160	1,829,860	1,764,510	1,601,020	1,488,660	1,373,170	1,280,700	1,184,960	1,129,490	1,084,530	1,061,700	951,179	897,229	875,406
ROE		10.86%	10.79%	13.89%	19.15%	24.42%	29.47%	29.73%	29.47%	28.25%	26.57%	24.26%	20.51%	16.10%	14.15%	12.83%	11.25%	10.64%	9.02%	8.45%	10.69%

December 31, 2023 calculation

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

Century Communities Inc's return on equity (ROE) has shown a decreasing trend over the past several quarters, starting at a high of 29.73% in Q2 2022 and gradually declining to 10.86% in Q4 2023. This indicates a potential decline in the efficiency with which the company is utilizing its equity to generate profits.

The ROE of 10.86% in Q4 2023 suggests that for every dollar of shareholder equity, the company generated a return of $0.1086. While this is still a positive return, it is notably lower than the levels seen in previous quarters.

The decreasing trend in ROE could be attributed to various factors such as increasing expenses, declining profitability, or changes in the capital structure of the company. Investors and stakeholders may need to further investigate the reasons behind the declining ROE to assess the company's financial performance and sustainability.