Taylor Morn Home (TMHC)

Return on assets (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
Net income (ttm)	US$ in thousands	768,929	871,675	1,010,763	1,067,148	1,052,800	1,050,193	908,548	741,708	663,026	484,721	431,364	372,891	243,439	203,678	155,913	172,090	254,652	209,049	235,605	212,432
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
ROA		8.87%	10.33%	11.55%	12.74%	12.43%	12.22%	10.50%	8.71%	7.60%	5.77%	5.30%	4.68%	3.15%	2.60%	1.87%	2.08%	4.85%	3.91%	4.55%	4.09%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $768,929K ÷ $8,672,090K
= 8.87%

To analyze Taylor Morrison Home Corp.'s return on assets (ROA) based on the provided data, we observe a fluctuation in ROA over the past eight quarters. The ROA has ranged from a low of 8.71% in Q1 2022 to a high of 12.74% in Q1 2023, indicating a certain level of volatility in the company's asset management efficiency.

Overall, the ROA trend shows a general upward trajectory from Q1 2022 to Q1 2023, suggesting improved utilization of assets to generate profits. However, there was a slight dip in Q2 2023 before recovering in subsequent quarters. This volatility may indicate varying levels of operational efficiency and profitability in different quarters.

It is important for stakeholders to further investigate the reasons behind these fluctuations in ROA to determine the root causes affecting Taylor Morrison Home Corp.'s asset productivity. Additional analysis, such as comparing industry benchmarks or conducting a detailed financial performance assessment, would provide deeper insights into the company's overall financial health and performance.