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D.R. Horton (D.R. Horton) 3-Year ROIIC % : 19.73% (As of Sep. 2023)


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What is D.R. Horton 3-Year ROIIC %?

3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year. D.R. Horton's 3-Year ROIIC % for the quarter that ended in Sep. 2023 was 19.73%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for D.R. Horton's 3-Year ROIIC % or its related term are showing as below:

DHI's 3-Year ROIIC % is ranked better than
70.48% of 105 companies
in the Homebuilding & Construction industry
Industry Median: 6.48 vs DHI: 19.73

D.R. Horton 3-Year ROIIC % Historical Data

The historical data trend for D.R. Horton's 3-Year ROIIC % 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.

D.R. Horton 3-Year ROIIC % Chart

D.R. Horton Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.83 31.28 38.29 34.88 19.73

D.R. Horton Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
3-Year ROIIC % Get a 7-Day Free Trial 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 - - 19.73 - -

Competitive Comparison of D.R. Horton's 3-Year ROIIC %

For the Residential Construction subindustry, D.R. Horton's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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.


D.R. Horton's 3-Year ROIIC % Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, D.R. Horton's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where D.R. Horton's 3-Year ROIIC % falls into.



D.R. Horton 3-Year ROIIC % Calculation

D.R. Horton's 3-Year ROIIC % for the quarter that ended in Sep. 2023 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 4633.55504 (Sep. 2023) - 2306.2998 (Sep. 2020) )/( 26260 (Sep. 2023) - 14467.2 (Sep. 2020) )
=2327.25524/11792.8
=19.73%***

* 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.

** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.


D.R. Horton  (NYSE:DHI) 3-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


D.R. Horton 3-Year ROIIC % Related Terms

Thank you for viewing the detailed overview of D.R. Horton's 3-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.


D.R. Horton (D.R. Horton) Business Description

Traded in Other Exchanges
Address
1341 Horton Circle, Arlington, TX, USA, 76011
D.R. Horton is a leading homebuilder in the United States with operations in 118 markets across 33 states. D.R. Horton mainly builds single-family detached homes (over 90% of home sales revenue) and offers products to entry-level, move-up, luxury buyers, and active adults. The company offers homebuyers mortgage financing and title agency services through its financial services segment. D.R. Horton's headquarters are in Arlington, Texas, and it manages six regional segments across the United States.
Executives
Aron M. Odom officer: VP, Controller and PAO 1341 HORTON CIRCLE, ARLINGTON TX 76011
Bradley S Anderson director 1361 HORTON CIRCLE, ARLINGTON TX 76011
Barbara K Allen director 1361 HORTON CIRCLE, ARLINGTON TX 76011
Michael R Buchanan director 1341 HORTON CIRCLE, ARLINGTON TX 76011
Bill W Wheat director, officer: EVP and CFO 1361 HORTON CIRCLE, ARLINGTON TX 76011
Paul J Romanowski officer: EVP and COO 1341 HORTON CIRCLE, ARLINGTON TX 76011
Michael J Murray officer: EVP and COO 1361 HORTON CIRCLE, ARLINGTON TX 76011
Michael W Hewatt director 1361 HORTON CIRCLE, ARLINGTON TX 76011
David V Auld officer: EVP and COO 1361 HORTON CIRCLE, ARLINGTON TX 76011
Benjamin Sr Carson director PO BOX 3599, BATTLE CREEK MI 49016-3599
Maribess L Miller director 2711 N. HASKELL AVENUE, SUITE 2300, DALLAS TX 75204
Donald R Horton director, officer: Chairman 1361 HORTON CIRCLE, ARLINGTON TX 76011
Donald J Tomnitz director, officer: President and CEO 2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Stacey Dwyer officer: EVP and Treasurer 301 COMMERCE STREET, SUITE 500, FORT WORTH TX 76102
Bobby G Scott director 301 COMMERCE STREET, SUITE 500, FORT WORTH TX 76102

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