M/I Homes Inc (MHO)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	465,365	490,662	396,868	239,874	127,587
Total stockholders’ equity	US$ in thousands	2,516,940	2,070,720	1,624,180	1,258,700	1,003,480
ROE		18.49%	23.70%	24.43%	19.06%	12.71%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $465,365K ÷ $2,516,940K
= 18.49%

MI Homes Inc.'s return on equity (ROE) has shown a fluctuating trend over the past five years. In 2023, the ROE stood at 18.49%, representing a decline from the previous year's 23.70%. Despite this decrease, the company's ROE remains relatively healthy compared to earlier years. In 2022 and 2021, MI Homes Inc. achieved higher ROE percentages of 23.70% and 24.43%, respectively, indicating strong performance in utilizing shareholder equity to generate profits. The ROE in 2020 was 19.06%, also showing a positive return compared to the previous year. The lowest ROE percentage during this period was in 2019 at 12.71%, suggesting a comparatively lower efficiency in generating returns on equity investment. Overall, the trend in ROE for MI Homes Inc. reflects some fluctuations, but the company has demonstrated a solid ability to generate returns for its shareholders over the years.