Century Communities Inc (CCS)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,398,290 | 3,692,180 | 4,505,920 | 4,216,310 | 3,161,190 |
| Total assets | US$ in thousands | 4,532,470 | 4,139,360 | 3,773,770 | 3,496,880 | 2,845,090 |
| Total asset turnover | 0.97 | 0.89 | 1.19 | 1.21 | 1.11 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,398,290K ÷ $4,532,470K
= 0.97
Century Communities Inc's total asset turnover has fluctuated over the past five years. It increased from 1.11 in December 2020 to 1.21 in December 2021, suggesting the company generated $1.21 in revenue for every $1 of assets during that period. However, in December 2022, the total asset turnover decreased slightly to 1.19, indicating a slight decline in efficiency in generating revenue from its assets.
In December 2023, there was a significant drop in total asset turnover to 0.89, which may indicate challenges in efficiently utilizing its assets to generate revenue during that year. Despite this, the company managed to improve slightly in December 2024, with the total asset turnover increasing to 0.97.
Overall, Century Communities Inc's total asset turnover ratios show variability in the efficiency of the company in utilizing its assets to generate revenue over the five-year period. Further analysis and comparison with industry benchmarks could provide additional insights into the company's operational performance and asset utilization efficiency.
Peer comparison
Dec 31, 2024