KB Home (KBH)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 3,810,140 | 3,660,800 | 3,019,480 | 2,665,770 | 2,383,120 |
| ROE | 15.49% | 22.31% | 18.70% | 11.11% | 11.28% |
November 30, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $590,177K ÷ $3,810,140K
= 15.49%
Based on the provided data, KB Home's return on equity (ROE) has fluctuated over the past five years. In November 2023, the ROE was 15.38%, showing a decrease from 22.19% in November 2022. This decrease suggests a potential decline in the company's ability to generate profits from shareholders' equity. However, compared to November 2020 and 2019, the ROE has shown an overall improvement, indicating the company's enhanced efficiency in utilizing shareholders' equity to generate profits. It is important to further investigate the underlying factors contributing to these fluctuations in ROE to gain a comprehensive understanding of KB Home's financial performance.
Peer comparison
Nov 30, 2023