DR Horton Inc (DHI)
Return on assets (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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income (ttm) | US$ in thousands | 4,756,500 | 4,982,800 | 4,964,300 | 4,734,400 | 4,745,700 | 4,867,800 | 5,180,500 | 5,674,600 | 5,857,500 | 5,564,700 | 5,032,400 | 4,525,600 | 4,175,800 | 3,665,800 | 3,181,000 | 2,734,200 | 2,373,700 | 2,050,000 | 1,894,100 | 1,762,700 |
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 |
ROA | 13.17% | 14.18% | 14.43% | 14.18% | 14.57% | 15.06% | 16.62% | 18.75% | 19.30% | 19.28% | 18.86% | 18.10% | 17.39% | 16.82% | 15.09% | 13.82% | 12.55% | 11.41% | 11.06% | 10.80% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $4,756,500K ÷ $36,104,300K
= 13.17%
DR Horton Inc's Return on Assets (ROA) has shown a generally upward trend over the past few years, indicating improved efficiency in generating profits from its assets. The ROA started at 10.80% in December 2019 and increased steadily to reach a peak of 19.30% in September 2022. However, there has been a slight decline in ROA since then, with the latest reported ROA at 13.17% in September 2024.
The fluctuation in ROA could be attributed to various factors such as changes in the company's asset base, profitability, or operating efficiency. It is essential for investors and analysts to closely monitor ROA trends to assess the company's ability to generate profits relative to its asset base. Overall, DR Horton Inc's ROA suggests a reasonably efficient use of assets to generate profits, although the recent decline indicates a need for further analysis to understand the underlying drivers of the trend.
Peer comparison
Sep 30, 2024