Taylor Morn Home (TMHC)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 5,314,940 | 4,630,330 | 3,925,850 | 3,504,540 | 2,537,710 |
| ROE | 14.47% | 22.74% | 16.89% | 6.95% | 10.03% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $768,929K ÷ $5,314,940K
= 14.47%
Taylor Morrison Home Corp.'s return on equity (ROE) has fluctuated over the past five years, ranging from 6.95% in 2020 to 22.74% in 2022. In 2023, the ROE stood at 14.47%. The downward trend from 2022 to 2023 indicates a decrease in the company's ability to generate profits from shareholders' equity. Despite the decline, the ROE in 2023 remains above the levels seen in 2020 and 2019, suggesting some level of stability in the company's profitability. It would be important for stakeholders to further investigate the drivers behind the fluctuating ROE to assess the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2023