M/I Homes Inc (MHO)

Operating return on assets (Operating ROA)

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Operating income (ttm) US$ in thousands 587,222 621,762 616,926 649,132 637,451 613,130 571,055 529,904 518,296 481,153 452,029 384,554 319,261 272,174 230,727 202,701 187,089 180,907 170,120 162,412
Total assets US$ in thousands 4,022,440 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 2,105,590 2,181,600 2,089,210 2,071,780
Operating ROA 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% 8.89% 8.29% 8.14% 7.84%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $587,222K ÷ $4,022,440K
= 14.60%

MI Homes Inc.'s operating return on assets (operating ROA) has shown a slight fluctuation over the past eight quarters. The trend indicates a relatively stable performance in utilizing its assets to generate operating profits. While there was a slight decline in operating ROA from Q4 2022 to Q1 2023, it rebounded in Q2 2023 and remained relatively consistent in subsequent quarters. Overall, the company has been able to maintain an average operating ROA of approximately 16.50% over the period under review, indicating effective asset management and operational efficiency.