M/I Homes Inc (MHO)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 706,094 | 576,862 | 637,451 | 518,296 | 319,261 |
| Total assets | US$ in thousands | 4,549,800 | 4,022,440 | 3,714,920 | 3,239,850 | 2,643,040 |
| Operating ROA | 15.52% | 14.34% | 17.16% | 16.00% | 12.08% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $706,094K ÷ $4,549,800K
= 15.52%
M/I Homes Inc's operating return on assets (operating ROA) has demonstrated a positive trend over the years. The operating ROA increased from 12.08% as of December 31, 2020, to 16.00% as of December 31, 2021. This improvement continued, reaching 17.16% by December 31, 2022. However, there was a slight decline in operating ROA to 14.34% by December 31, 2023, followed by a recovery to 15.52% by December 31, 2024.
Overall, the fluctuation in operating ROA indicates varying levels of operational efficiency and profitability over the years. The company should continue to monitor and analyze the factors influencing these changes to ensure sustainable performance and enhance shareholder value.
Peer comparison
Dec 31, 2024