NVR Inc (NVR)

Return on assets (ROA)

		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	1,591,611	1,636,304	1,614,540	1,643,827	1,725,575	1,605,388	1,526,076	1,414,057	1,236,719	1,207,142	1,131,527	974,307	901,248	852,381	819,702	865,836	878,539	854,560	826,589	819,554
Total assets	US$ in thousands	6,601,760	6,372,260	6,266,780	6,075,900	5,660,970	5,389,530	5,287,700	5,726,210	5,834,480	5,788,890	5,854,440	5,820,810	5,777,140	5,499,920	4,730,020	3,887,520	3,809,820	3,843,360	3,603,240	3,362,770
ROA		24.11%	25.68%	25.76%	27.05%	30.48%	29.79%	28.86%	24.69%	21.20%	20.85%	19.33%	16.74%	15.60%	15.50%	17.33%	22.27%	23.06%	22.23%	22.94%	24.37%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,591,611K ÷ $6,601,760K
= 24.11%

The return on assets (ROA) for NVR Inc. has shown a consistent downward trend from Q1 2022 to Q4 2023. The ROA decreased from 24.69% in Q1 2022 to 24.11% in Q4 2023. This decline indicates that the company's ability to generate profits from its assets has slightly weakened over this period. While the ROA figures are relatively high, suggesting efficient asset utilization, the decreasing trend may indicate potential challenges in maintaining or improving profitability relative to the size of its asset base. Further analysis may be necessary to understand the factors contributing to this trend and to assess the company's overall financial performance.