PulteGroup Inc (PHM)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	2,602,370	2,617,320	1,946,320	1,406,840	1,016,700
Total assets	US$ in thousands	16,087,000	14,796,500	13,352,600	12,205,500	10,715,600
ROA		16.18%	17.69%	14.58%	11.53%	9.49%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $2,602,370K ÷ $16,087,000K
= 16.18%

PulteGroup Inc's return on assets (ROA) has shown a consistent upward trend over the past five years, increasing from 9.39% in 2019 to 16.12% in 2023. This indicates that the company has been effectively utilizing its assets to generate profits. The peak ROA of 17.58% in 2022 suggests a particularly strong performance in that year. Overall, the increasing ROA trend signals improved efficiency in asset management and a more profitable use of resources by PulteGroup Inc.