M/I Homes Inc (MHO)

Return on assets (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
Net income (ttm)	US$ in thousands	465,365	490,478	483,052	501,889	490,662	473,650	433,072	403,841	396,868	363,568	346,093	292,994	239,874	201,571	165,872	141,610	127,587	118,214	109,658	107,323
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
ROA		11.57%	12.25%	12.51%	13.34%	13.21%	13.20%	12.40%	12.21%	12.25%	11.93%	12.10%	10.81%	9.08%	8.33%	7.13%	6.44%	6.06%	5.42%	5.25%	5.18%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $465,365K ÷ $4,022,440K
= 11.57%

The return on assets (ROA) of MI Homes Inc. has been relatively stable and consistently positive over the past eight quarters, ranging between 11.57% and 13.34%. This indicates that the company has been effectively utilizing its assets to generate profits during this period. The highest ROA was recorded in Q1 2023 at 13.34%, suggesting efficient asset management and strong profitability during that quarter. Overall, the trend in ROA reflects the company's ability to generate earnings relative to its total assets, showcasing its operational efficiency and profitability levels.