Taylor Morn Home (TMHC)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	1,140,520	1,157,854	1,050,053	1,087,002	1,080,866	1,158,364	1,345,328	1,408,764	1,404,082	1,368,869	1,182,818	968,026	859,099	805,518	738,409	657,591	505,184	419,790	353,417	380,296
Total assets	US$ in thousands	9,297,130	9,300,440	9,099,070	8,910,340	8,672,090	8,436,920	8,748,790	8,376,190	8,470,720	8,593,630	8,650,220	8,517,980	8,727,780	8,403,050	8,138,760	7,975,480	7,738,000	7,834,450	8,322,330	8,262,370
Operating ROA		12.27%	12.45%	11.54%	12.20%	12.46%	13.73%	15.38%	16.82%	16.58%	15.93%	13.67%	11.36%	9.84%	9.59%	9.07%	8.25%	6.53%	5.36%	4.25%	4.60%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $1,140,520K ÷ $9,297,130K
= 12.27%

Taylor Morn Home has shown a steady improvement in its operating return on assets (operating ROA) over the past few years, with the ratio increasing from 4.60% in March 2020 to 12.27% in December 2024. The operating ROA increased consistently quarter over quarter, reaching a peak of 16.82% in March 2023. However, there was a slight decline in the ratio in the subsequent quarters but stabilized around the 12-13% range.

This trend indicates that Taylor Morn Home has been effectively utilizing its assets to generate operating profits over time. The increasing operating ROA suggests that the company has been successful in generating more income from its operations relative to the assets employed. Overall, the improving operating ROA reflects positively on the company's operational efficiency and financial performance. It shows that Taylor Morn Home has been able to generate higher returns on its assets, which is a key indicator of good management and profitability.