DR Horton Inc (DHI)

Operating return on assets (Operating ROA)

		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	Dec 31, 2019
Operating income (ttm)	US$ in thousands	4,307,200	4,310,500	4,323,800	4,074,600	4,140,500	6,144,500	6,581,000	7,251,900	7,510,100	7,198,000	6,446,100	5,746,600	5,275,300	9,988,800	9,350,300	8,758,200	8,224,700	6,856,100	6,673,000	6,518,400
Total assets	US$ in thousands	36,104,300	35,151,400	34,398,200	33,381,600	32,582,400	32,323,100	31,170,800	30,264,500	30,351,100	28,869,900	26,685,300	24,999,400	24,015,900	21,793,500	21,083,800	19,780,400	18,912,300	17,973,900	17,130,000	16,322,900
Operating ROA		11.93%	12.26%	12.57%	12.21%	12.71%	19.01%	21.11%	23.96%	24.74%	24.93%	24.16%	22.99%	21.97%	45.83%	44.35%	44.28%	43.49%	38.14%	38.96%	39.93%

September 30, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $4,307,200K ÷ $36,104,300K
= 11.93%

DR Horton Inc's operating return on assets (ROA) shows a fluctuating trend over the past eight quarters. The operating ROA ranged from a low of 11.93% in September 2024 to a high of 45.83% in March 2021. The most recent operating ROA in September 2024 stands at 11.93%.

The downward trend in operating ROA from the peak in March 2021 suggests a potential decline in the company's operating efficiency and profitability. It is important to investigate the factors driving this decrease in performance.

Overall, the analysis suggests that DR Horton Inc's operating ROA has been volatile in recent quarters and may require further scrutiny to identify any underlying issues affecting the company's operational performance and profitability.