Market Cap : 396.37 M | Enterprise Value : 1.28 B | PE Ratio : 2.33 | PB Ratio : 0.49 |
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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 Mar. 2022 was $179 Mil. Beazer Homes USA's average Total Stockholders Equity over the quarter that ended in Mar. 2022 was $779 Mil. Therefore, Beazer Homes USA's annualized ROE % for the quarter that ended in Mar. 2022 was 22.94%.
The historical rank and industry rank for Beazer Homes USA's ROE % or its related term are showing as below:
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%.
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.
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.
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'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 Mar. 2022 is calculated as
ROE % | = | Net Income attributable to Common Stockholders (Q: Mar. 2022 ) | / | ( (Total Stockholders Equity (Q: Dec. 2021 ) | + | Total Stockholders Equity (Q: Mar. 2022 )) | / count ) |
= | 178.688 | / | ( (755.259 | + | 802.357) | / 2 ) | |
= | 178.688 | / | 778.808 | ||||
= | 22.94 % |
* 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 (Mar. 2022) net income attributable to common stockholders data. ROE % is displayed in the 30-year financial page.
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: Mar. 2022 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 178.688 | / | 778.808 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (178.688 / 2034.024) | * | (2034.024 / 2110.0975) | * | (2110.0975 / 778.808) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 8.78 % | * | 0.9639 | * | 2.7094 |
= | ROA % | * | Equity Multiplier | ||
= | 8.46 % | * | 2.7094 | ||
= | 22.94 % |
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: Mar. 2022 ) | ||||||||
= | Net Income | / | Total Stockholders Equity | ||||||
= | 178.688 | / | 778.808 | ||||||
= | (Net Income /Pre-Tax Income) | * | (Pre-Tax Income/Operating Income) | * | (Operating Income/Revenue) | * | (Revenue/Total Assets) | * | (Total Assets/Total Stockholders Equity) |
= | (178.688 / 219) | * | (219 / 218.444) | * | (218.444 / 2034.024) | * | (2034.024 / 2110.0975) | * | (2110.0975 / 778.808) |
= | Tax Burden | * | Interest Burden | * | Operating Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 0.8159 | * | 1.0025 | * | 10.74 % | * | 0.9639 | * | 2.7094 |
= | 22.94 % |
Note: The net income attributable to common stockholders data used here is four times the quarterly (Mar. 2022) net income attributable to common stockholders data. The Revenue data used here is four times the quarterly (Mar. 2022) 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.
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.
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.
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;} |
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