KB Home (KBH)
Operating return on assets (Operating ROA)
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 6,298,140 | 6,215,930 | 6,445,010 | 6,697,700 | 6,652,440 | 6,669,090 | 6,467,000 | 6,081,800 | 5,802,630 | 5,539,470 | 4,257,394 | 3,788,907 | 3,248,587 | 3,179,307 | 3,244,517 | 3,409,694 | 3,524,124 | 3,265,215 | 3,080,288 | 2,034,711 |
| Total assets | US$ in thousands | 6,683,490 | 6,648,360 | 6,576,990 | 6,483,020 | 6,514,100 | 6,651,930 | 6,730,590 | 6,579,480 | 6,188,330 | 5,835,920 | 5,756,350 | 5,618,930 | 5,426,780 | 5,356,440 | 5,177,430 | 5,042,000 | 5,052,830 | 5,015,480 | 5,035,170 | 4,919,950 |
| Operating ROA | 94.23% | 93.50% | 97.99% | 103.31% | 102.12% | 100.26% | 96.08% | 92.44% | 93.77% | 94.92% | 73.96% | 67.43% | 59.86% | 59.35% | 62.67% | 67.63% | 69.75% | 65.10% | 61.18% | 41.36% |
February 29, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $6,298,140K ÷ $6,683,490K
= 94.23%
Operating return on assets (operating ROA) measures the efficiency of KB Home in generating profits from its assets used in its core operations. Looking at the trend over the past few quarters, KB Home's operating ROA has seen fluctuations.
For the most recent quarter, as of February 29, 2024, the operating ROA stands at 94.23%, showing a slight increase compared to the previous quarter. This indicates that KB Home is effectively utilizing its assets to generate operating income.
Throughout the past year, operating ROA has shown a general upward trend from around 41.36% in May 2019 to above 90% in recent quarters. This suggests an improvement in KB Home's operational efficiency and profitability as it has been able to generate higher earnings relative to its assets.
However, it is important to note the fluctuations in the operating ROA over the quarters, which could be influenced by various factors such as changes in operating expenses, asset utilization, or revenue generation. It is crucial for investors and analysts to further investigate the reasons behind these fluctuations to assess the sustainability of KB Home's performance and its ability to continue generating profits from its assets in the future.
Peer comparison
Feb 29, 2024