DR Horton Inc (DHI)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	25,312,800	24,656,500	23,815,500	23,153,400	22,696,200	21,656,400	20,712,700	20,153,300	19,396,300	18,062,500	16,774,900	15,677,700	14,886,500	13,802,900	12,963,100	12,485,200	11,840,000	11,048,000	10,458,000	10,227,400
ROE		18.79%	20.21%	20.84%	20.45%	20.91%	22.48%	25.01%	28.16%	30.20%	30.81%	30.00%	28.87%	28.05%	26.56%	24.54%	21.90%	20.05%	18.56%	18.11%	17.24%

September 30, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $4,756,500K ÷ $25,312,800K
= 18.79%

From the available data on DR Horton Inc's return on equity (ROE) over the past eight quarters, we can observe a fluctuating trend. The ROE has ranged from 17.24% to 30.81% during this period. The highest ROE was recorded in September 2022 at 30.81%, while the lowest was seen in December 2019 at 17.24%.

Overall, the ROE has shown a general upward trend from 2019 to 2023, peaking in March 2023 at 25.01% and then gradually increasing to 30.81% in September 2022. However, there was a slight decline in ROE in the most recent quarter, dropping to 18.79% in September 2024.

This fluctuation in ROE may indicate varying levels of efficiency in utilizing shareholder equity to generate profits over time. It is essential to further investigate the reasons behind these fluctuations, including changes in profitability, asset efficiency, and leverage, to gain a deeper understanding of the company's financial performance and sustainability.