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.