M/I Homes Inc (MHO)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 700,031 | 669,096 | 662,109 | 626,522 | 590,432 | 621,762 | 616,926 | 649,132 | 637,451 | 613,130 | 571,055 | 529,904 | 518,296 | 481,153 | 452,029 | 384,554 | 319,261 | 272,174 | 230,727 | 202,701 |
| Total assets | US$ in thousands | 4,549,800 | 4,459,860 | 4,340,070 | 4,211,950 | 4,044,540 | 4,003,370 | 3,861,750 | 3,762,370 | 3,714,920 | 3,587,910 | 3,493,320 | 3,306,510 | 3,239,850 | 3,046,600 | 2,861,410 | 2,709,560 | 2,643,040 | 2,420,560 | 2,327,710 | 2,198,960 |
| Operating ROA | 15.39% | 15.00% | 15.26% | 14.87% | 14.60% | 15.53% | 15.98% | 17.25% | 17.16% | 17.09% | 16.35% | 16.03% | 16.00% | 15.79% | 15.80% | 14.19% | 12.08% | 11.24% | 9.91% | 9.22% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $700,031K ÷ $4,549,800K
= 15.39%
Operating return on assets (operating ROA) measures a company's efficiency in generating profits from its operating activities relative to its total assets. Looking at the data for M/I Homes Inc from March 31, 2020, to December 31, 2024, we observe a positive trend in the operating ROA.
The operating ROA has increased from 9.22% in March 2020 to 15.39% in December 2024, indicating an improvement in the company's ability to generate earnings from its operating assets over the period.
There is some fluctuation in the operating ROA over the quarters, with peaks reaching 17.25% in March 2023 and 17.16% in December 2022. However, there are also slight dips in performance, such as the decrease to 14.60% in December 2023.
Overall, the upward trend in operating ROA reflects positively on M/I Homes Inc's operational efficiency and ability to utilize its assets effectively to generate profits. It suggests that the company is managing its operations well and making productive use of its resources to drive profitability.
Peer comparison
Dec 31, 2024