PulteGroup Inc (PHM)

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	2,602,372	2,773,610	2,762,763	2,694,853	2,617,317	2,398,351	2,245,972	2,096,936	1,946,320	1,721,166	1,662,015	1,507,236	1,406,840	1,304,527	1,161,233	1,053,654	1,016,700	918,551	934,982	1,018,030
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
ROA		16.18%	17.65%	18.15%	18.17%	17.69%	16.88%	16.39%	15.93%	14.58%	13.69%	13.76%	13.17%	11.53%	11.48%	10.60%	9.22%	9.49%	8.95%	9.26%	9.97%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,602,372K ÷ $16,087,000K
= 16.18%

PulteGroup Inc's Return on Assets (ROA) has been relatively stable over the past eight quarters, ranging from 15.80% to 18.07%. The company's ROA peaked in Q2 2023 at 18.05%, followed closely by Q1 2023 at 18.07%. This indicates that the company has been effective in generating profits from its assets during these periods. Overall, the consistent performance of ROA above 15% reflects PulteGroup Inc's efficient utilization of its assets to generate earnings for its shareholders.