KB Home (KBH)
Return on assets (ROA)
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 590,177 | 816,666 | 564,746 | 296,243 | 268,775 |
| Total assets | US$ in thousands | 6,648,360 | 6,651,930 | 5,835,920 | 5,356,440 | 5,015,480 |
| ROA | 8.88% | 12.28% | 9.68% | 5.53% | 5.36% |
November 30, 2023 calculation
ROA = Net income ÷ Total assets
= $590,177K ÷ $6,648,360K
= 8.88%
KB Home's return on assets (ROA) has shown some fluctuations over the past five years. The ROA decreased from 5.33% in 2019 to 5.50% in 2020, before experiencing a significant increase to 9.63% in 2021. However, in the subsequent years, the ROA continued to demonstrate variability, reaching 12.21% in 2022 and then declining to 8.81% in 2023. This pattern suggests that the company's ability to generate earnings from its assets has been somewhat inconsistent. Further analysis of the company's financial performance and asset utilization may be warranted to understand the factors driving these fluctuations in ROA.
Peer comparison
Nov 30, 2023