Taylor Morn Home (TMHC)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 768,929 | 1,052,800 | 663,026 | 243,439 | 254,652 |
| Total assets | US$ in thousands | 8,672,090 | 8,470,720 | 8,727,780 | 7,738,000 | 5,245,690 |
| ROA | 8.87% | 12.43% | 7.60% | 3.15% | 4.85% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $768,929K ÷ $8,672,090K
= 8.87%
The return on assets (ROA) for Taylor Morrison Home Corp. has exhibited fluctuations over the past five years. In 2023, the ROA decreased to 8.87% from 12.43% in 2022. This decline may indicate a decrease in the company's ability to generate profits from its assets relative to the previous year. However, the ROA in 2023 is still higher than the ROA in 2021 and 2020, indicating improved asset utilization compared to those years.
Overall, the trend in ROA for Taylor Morrison Home Corp. shows some variability, but the company has generally been able to maintain a positive ROA, reflecting a reasonable level of efficiency in utilizing its assets to generate profits. Further analysis of the company's financial performance and underlying factors impacting ROA would be needed for a more comprehensive evaluation.
Peer comparison
Dec 31, 2023