Century Communities Inc (CCS)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	3,692,184	3,665,734	3,920,601	4,242,550	4,505,910	4,533,580	4,347,322	4,224,092	4,216,312	3,997,290	3,833,619	3,567,153	3,161,192	2,965,956	2,761,957	2,605,463	2,535,911	2,395,315	2,366,682	2,278,624
Property, plant and equipment	US$ in thousands	69,075	34,044	32,663	33,019	31,688	30,450	27,304	27,791	24,939	25,592	26,359	28,181	28,384	31,550	33,277	35,004	35,998	35,258	33,469	33,471
Fixed asset turnover		53.45	107.68	120.03	128.49	142.20	148.89	159.22	151.99	169.06	156.19	145.44	126.58	111.37	94.01	83.00	74.43	70.45	67.94	70.71	68.08

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,692,184K ÷ $69,075K
= 53.45

The fixed asset turnover of Century Communities Inc shows some fluctuations over the past eight quarters. In Q4 2023, the fixed asset turnover was 53.45, which represents a decrease from the previous quarter. However, the company's fixed asset turnover in Q3 2023 and Q2 2023 was notably high at 107.68 and 120.03, respectively, indicating efficient utilization of fixed assets during those periods.

Looking back further, Q1 2023 had a fixed asset turnover of 39.84, which was lower compared to the recent quarters. In contrast, the company demonstrated exceptionally high fixed asset turnover in Q4 2022, Q3 2022, Q2 2022, and Q1 2022, with values ranging from 142.20 to 159.22. This suggests that Century Communities Inc was able to generate significant revenue relative to its investment in fixed assets during those periods.

Overall, the fixed asset turnover of Century Communities Inc has displayed variability, with some quarters showing stronger performance in terms of efficiently using fixed assets to generate revenue. This metric underscores the company's ability to maximize the productivity of its fixed assets over time.