Taylor Morn Home (TMHC)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 883,309 | 768,929 | 1,052,800 | 663,026 | 243,439 |
| Total assets | US$ in thousands | 9,297,130 | 8,672,090 | 8,470,720 | 8,727,780 | 7,738,000 |
| ROA | 9.50% | 8.87% | 12.43% | 7.60% | 3.15% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $883,309K ÷ $9,297,130K
= 9.50%
The Return on Assets (ROA) of Taylor Morn Home has shown a positive trend over the years, indicating an improvement in the company's ability to generate profits from its assets.
In December 2020, the ROA was reported at 3.15%, which increased to 7.60% by December 2021, reflecting a significant growth in profitability. The ROA continued to rise to 12.43% by December 2022, reaching its highest point during the period analyzed.
Subsequently, the ROA witnessed a slight decline to 8.87% by December 2023, but remained relatively strong compared to the initial levels. By December 2024, the ROA further improved to 9.50%, indicating that the company continued to effectively utilize its assets to generate returns for its stakeholders.
Overall, the upward trend in ROA suggests that Taylor Morn Home has been efficient in utilizing its assets to generate profits, which is a positive indicator of its financial performance and operational efficiency.
Peer comparison
Dec 31, 2024