PulteGroup Inc (PHM)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	10,383,300	10,012,500	9,705,020	9,263,810	8,914,100	8,164,000	7,745,220	7,413,260	7,489,520	7,141,750	6,958,470	6,685,270	6,569,990	6,240,020	5,851,670	5,530,390	5,458,180	5,181,590	5,069,810	4,933,440
ROE		25.06%	27.70%	28.47%	29.09%	29.36%	29.38%	29.00%	28.29%	25.99%	24.10%	23.88%	22.55%	21.41%	20.91%	19.84%	19.05%	18.63%	17.73%	18.44%	20.64%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,602,372K ÷ $10,383,300K
= 25.06%

Over the four quarters provided, PulteGroup Inc's return on equity (ROE) has shown a relatively stable trend, ranging from 24.97% to 29.18%. This indicates that the company has been effectively utilizing its equity to generate profits for its shareholders. The ROE values have consistently remained above 20%, reflecting strong profitability and efficiency in managing the company's assets and liabilities.

The slight fluctuations in ROE from quarter to quarter suggest that PulteGroup is maintaining a consistent performance in generating returns on shareholders' equity. However, the downward trend from Q4 2022 to Q1 2023 and subsequent increase suggests some variability in the company's profitability during the period. Overall, PulteGroup Inc appears to be efficiently utilizing its equity to generate profitable returns for its shareholders, indicating a strong financial position in the industry.