M/I Homes Inc (MHO)

Return on assets (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
Net income (ttm) US$ in thousands 563,725 535,538 529,105 500,360 465,365 490,478 483,052 501,889 490,662 473,650 433,072 403,841 396,868 363,568 346,093 292,994 239,874 201,571 165,872 141,610
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
ROA 12.39% 12.01% 12.19% 11.88% 11.51% 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%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $563,725K ÷ $4,549,800K
= 12.39%

M/I Homes Inc's return on assets (ROA) has shown a positive trend over the period from March 31, 2020, to December 31, 2024. The ROA increased steadily from 6.44% in March 2020 to 12.39% by December 2024.

The company's ROA peaked at 13.34% in March 2023, indicating efficient utilization of its assets to generate profits. However, there was a slight dip in ROA in the subsequent periods, reaching 11.51% by December 2023, before starting to rise again.

Overall, the increasing trend in ROA suggests that M/I Homes Inc has been effectively managing its assets to generate returns for its shareholders. This positive trend reflects the company's ability to generate higher profits relative to its asset base, which is a key indicator of operational efficiency and financial performance.