NVR Inc (NVR)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,591,610 | 1,725,580 | 1,236,720 | 901,248 | 878,539 |
| Total assets | US$ in thousands | 6,601,760 | 5,660,970 | 5,834,480 | 5,777,140 | 3,809,820 |
| ROA | 24.11% | 30.48% | 21.20% | 15.60% | 23.06% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $1,591,610K ÷ $6,601,760K
= 24.11%
The Return on Assets (ROA) for NVR Inc. has exhibited fluctuations over the past five years. The ROA was highest in 2022 at 30.48% and lowest in 2020 at 15.60%. In 2023, the ROA decreased to 24.11% compared to the previous year. Despite this decrease, the company's ROA remained relatively high, indicating that NVR Inc. has been generating significant earnings relative to its total assets. The general trend suggests that the company has been effectively utilizing its assets to generate profits, although further analysis of the company's operational efficiency and asset management practices would provide a more comprehensive understanding of its financial performance.
Peer comparison
Dec 31, 2023