DR Horton Inc (DHI)

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	Mar 31, 2019
Net income (ttm)	US$ in thousands	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	1,618,600	1,579,400	1,558,400
Total assets	US$ in thousands	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	15,606,600	15,224,000	15,007,000
ROA		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%	10.37%	10.37%	10.38%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $4,734,400K ÷ $33,381,600K
= 14.18%

D.R. Horton Inc.'s return on assets (ROA) has exhibited a declining trend over the past eight quarters, starting at 18.86% in March 2022 and decreasing to 14.18% in December 2023. This trend suggests that the company's ability to generate profits from its assets has gradually decreased. However, it's important to note that even with the decline, the ROA percentages are generally healthy, indicating that the company is efficiently utilizing its assets to generate earnings. Further analysis of the company's financial performance and asset management strategies could provide more insights into the factors contributing to the decreasing trend in ROA.