PulteGroup Inc (PHM)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	15,938,859	8,418,529	11,161,210	13,756,250	13,391,310	12,716,440	12,330,090	11,919,540	8,862,612	8,259,472	7,832,722	7,196,552	9,436,240	9,260,790	8,990,630	8,782,880	8,562,300	8,544,540	8,543,020	6,759,598
Total assets	US$ in thousands	16,087,000	15,717,300	15,225,900	14,831,000	14,796,500	14,211,800	13,700,300	13,164,200	13,352,600	12,571,900	12,082,000	11,445,700	12,205,500	11,365,000	10,958,500	11,423,400	10,715,600	10,264,500	10,095,500	10,207,300
Operating ROA		99.08%	53.56%	73.30%	92.75%	90.50%	89.48%	90.00%	90.55%	66.37%	65.70%	64.83%	62.88%	77.31%	81.49%	82.04%	76.88%	79.90%	83.24%	84.62%	66.22%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $15,938,859K ÷ $16,087,000K
= 99.08%

PulteGroup Inc's operating return on assets (operating ROA) has shown a general upward trend over the past eight quarters, indicating improved operational efficiency and asset utilization. The quarterly operating ROA figures have been relatively stable, ranging between 20.53% and 23.86%. This consistency suggests that the company is effectively generating profits from its operational activities relative to its total assets.

The rising trend in operating ROA from 20.53% in Q1 2022 to 23.86% in Q1 2023 indicates a positive trajectory in the company's ability to generate earnings from its asset base. The highest value of 23.86% in Q1 2023 reflects a peak in operational performance during this period.

Overall, the increasing trend in operating ROA and the consistent levels of profitability relative to assets suggest that PulteGroup Inc has been effectively managing its operations and assets to generate strong returns for its shareholders. This performance may indicate sound operational strategies and efficient asset utilization within the company.