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Beazer Homes USA ROE %

: 27.66% (As of Sep. 2021)
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ROE % is calculated as Net Income attributable to Common Stockholders (Net Income minus dividends to participating security holders) divided by its average Total Stockholders Equity over a certain period of time. Beazer Homes USA's annualized net income attributable to common stockholders for the quarter that ended in Sep. 2021 was $193 Mil. Beazer Homes USA's average Total Stockholders Equity over the quarter that ended in Sep. 2021 was $699 Mil. Therefore, Beazer Homes USA's annualized ROE % for the quarter that ended in Sep. 2021 was 27.66%.

The historical rank and industry rank for Beazer Homes USA's ROE % or its related term are showing as below:

NYSE:BZH' s ROE % Range Over the Past 10 Years
Min: -63.1   Med: 2.77   Max: 75.66
Current: 18.88

-63.1
75.66

During the past 13 years, Beazer Homes USA's highest ROE % was 75.66%. The lowest was -63.10%. And the median was 2.77%.

NYSE:BZH's ROE % is ranked higher than
71% of the 105 Companies
in the Homebuilding & Construction industry.

( Industry Median: 13.03 vs. NYSE:BZH: 18.88 )

Beazer Homes USA ROE % Historical Data

The historical data trend for Beazer Homes USA's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Beazer Homes USA Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.80 -6.84 -13.45 9.23 18.52

Beazer Homes USA Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
ROE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.37 8.00 15.83 22.72 27.66

Competitive Comparison

For the Residential Construction subindustry, Beazer Homes USA's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Beazer Homes USA ROE % Distribution

For the Homebuilding & Construction industry and Consumer Cyclical sector, Beazer Homes USA's ROE % distribution charts can be found below:

* The bar in red indicates where Beazer Homes USA's ROE % falls into.



Beazer Homes USA ROE % Calculation

Beazer Homes USA's annualized ROE % for the fiscal year that ended in Sep. 2021 is calculated as

ROE %=Net Income attributable to Common Stockholders (A: Sep. 2021 )/( (Total Stockholders Equity (A: Sep. 2020 )+Total Stockholders Equity (A: Sep. 2021 ))/ count )
=122.021/( (593.171+724.884)/ 2 )
=122.021/659.0275
=18.52 %

Beazer Homes USA's annualized ROE % for the quarter that ended in Sep. 2021 is calculated as

ROE %=Net Income attributable to Common Stockholders (Q: Sep. 2021 )/( (Total Stockholders Equity (Q: Jun. 2021 )+Total Stockholders Equity (Q: Sep. 2021 ))/ count )
=193.444/( (673.605+724.884)/ 2 )
=193.444/699.2445
=27.66 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income attributable to common stockholders of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income attributable to common stockholders data used here is four times the quarterly (Sep. 2021) net income attributable to common stockholders data. ROE % is displayed in the 30-year financial page.


Beazer Homes USA  (NYSE:BZH) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %**(Q: Sep. 2021 )
=Net Income/Total Stockholders Equity
=193.444/699.2445
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(193.444 / 2363.772)*(2363.772 / 2085.7195)*(2085.7195 / 699.2445)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.18 %*1.1333*2.9828
=ROA %*Equity Multiplier
=9.27 %*2.9828
=27.66 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %**(Q: Sep. 2021 )
=Net Income/Total Stockholders Equity
=193.444/699.2445
=(Net Income /Pre-Tax Income) * (Pre-Tax Income/Operating Income) * (Operating Income/Revenue) * (Revenue/Total Assets) * (Total Assets/Total Stockholders Equity)
= (193.444 / 189.088) * (189.088 / 187.48) * (187.48 / 2363.772) * (2363.772 / 2085.7195) * (2085.7195 / 699.2445)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.023 * 1.0086 * 7.93 % * 1.1333 * 2.9828
=27.66 %

Note: The net income attributable to common stockholders data used here is four times the quarterly (Sep. 2021) net income attributable to common stockholders data. The Revenue data used here is four times the quarterly (Sep. 2021) revenue data. The same rule applies to Pre-Tax Income and Operating Income.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.


Be Aware

Net income attributable to common stockholders is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Beazer Homes USA ROE % Related Terms

Thank you for viewing the detailed overview of Beazer Homes USA's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Beazer Homes USA Business Description

Beazer Homes USA logo
Industry
Traded in Other Exchanges
Address
1000 Abernathy Road, Suite 260, Atlanta, GA, USA, 30328
Beazer Homes USA Inc is an American construction company that focuses on residential construction. The company specializes in single-family housing and multi-unit building construction in over 13 states and over 22 metro markets. Beazer Homes builds homes and communities that target first-time, move-up, and luxury homebuyers with an average selling price of roughly $300,000. From a geographic perspective, home sales in the western and eastern United States have been the leading sources of revenue for the company. Key metro areas include Atlanta, Las Vegas, Los Angeles, Orlando, and Tampa. The company also focuses on land purchasing and development to support future construction efforts as well as mortgage services for its homebuyers.
Executives
Salomon Robert L. officer: EVP, Chief Financial Officer 5535 LEXINGTON WOODS LANE ALPHARETTA GA 30005
Zelnak Stephen P Jr director MARTIN MARIETTA MATERIALS INC 2710 WYCLIFF ROAD RALEIGH NC 27607
Acton Elizabeth S director 5408 WALDENHILL COURT SUPERIOR TOWNSHIP MI 48198
Orser Peter M director 1000 ABERNATHY ROAD SUITE 260 ATLANTA GA 30328
Shepherd Danny R director VULCAN MATERIALS COMPANY 1200 URBAN CENTER DRIVE BIRMINGHAM AL 35242
Spitz David J director C/O CHANNELADVISOR CORPORATION 2701 AERIAL CENTER PARKWAY MORRISVILLE NC 27568
Belknap Keith L Jr officer: EVP, General Counsel 3585 ENGINEERING DRIVE SUITE 100 NORCROSS GA 30092
Provencio Norma Ann director 2150 ST. ELZEAR BLVD. WEST LAVAL A8 H7L 4A8
Merrill Allan P director, officer: Chairman, President and CEO BEAZER HOMES 1000 ABERNATHY RD, SUITE 1200 ATLANTA GA 30328
Winkle C Christian director ONE RAVINIA DRIVE STE 1500 ATLANTA GA 30346
Alpert Laurent director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: ALPERT LAURENT a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Beazer Brian C director C/O NUMEREX 1600 PARKWOOD CIRCLE #200 ATLANTA GA 30339-2119
Leemputte Peter G director CHICAGO TITLE CORP 171 N CLARK ST CHICAGO IL 80601
Khoury Kenneth F officer: Administration BEAZER HOMES 1000 ABERNATHY RD, SUITE 1200 ATLANTA GA 30328
Solari Larry T director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: SOLARI LARRY T a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}

Beazer Homes USA Headlines

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