Taylor Morn Home (TMHC)

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	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	473,924	484,103	491,224	462,663
Total assets	US$ in thousands	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	5,245,690	5,339,860	5,177,770	5,190,400
Operating ROA		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%	9.03%	9.07%	9.49%	8.91%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $1,080,866K ÷ $8,672,090K
= 12.46%

Operating return on assets (operating ROA) measures how efficiently a company is generating operating profits relative to its total assets. Taylor Morrison Home Corp.'s operating ROA fluctuated over the past year, ranging from 12.50% to 17.19%.

The trend shows an initial increase from Q1 2022 to Q3 2023, peaking at 17.19% in Q1 2023 before a slight decline in Q4 2023. This indicates improving operational efficiency and profitability during most of the period.

Overall, the company's operating ROA indicates that, on average, it has been able to generate operating profits equivalent to approximately 14.93% of its total assets over the observed period. This suggests a satisfactory utilization of assets to drive operational performance.