M/I Homes Inc (MHO)

Return on equity (ROE)

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 stockholders’ equity US$ in thousands 2,516,940 2,425,710 2,298,460 2,183,220 2,070,720 1,937,770 1,818,270 1,703,690 1,624,180 1,544,470 1,466,540 1,353,420 1,258,700 1,174,740 1,094,400 1,037,680 1,003,480 954,641 904,240 871,462
ROE 18.49% 20.22% 21.02% 22.99% 23.70% 24.44% 23.82% 23.70% 24.43% 23.54% 23.60% 21.65% 19.06% 17.16% 15.16% 13.65% 12.71% 12.38% 12.13% 12.32%

December 31, 2023 calculation

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

To analyze MI Homes Inc.'s return on equity (ROE) based on the provided data:
- The ROE has shown a decreasing trend in recent quarters, declining from 23.70% in Q4 2022 to 18.49% in Q4 2023.
- Despite the decline, the ROE figures range from 18.49% to 24.44%, indicating that the company has been able to generate a relatively stable return for its equity holders.
- The highest ROE was recorded in Q3 2022 at 24.44%, indicating a peak performance in that quarter.
- Overall, the ROE figures suggest that MI Homes Inc. has been effectively utilizing its equity to generate returns, although there has been a slight decline in performance in recent quarters. Further investigation into the factors driving this trend would be essential to assess the company's financial performance accurately.