Century Communities Inc (CCS)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,692,180 | 4,505,920 | 4,216,310 | 3,161,190 | 2,535,910 |
| Total assets | US$ in thousands | 4,139,360 | 3,773,770 | 3,496,880 | 2,845,090 | 2,499,970 |
| Total asset turnover | 0.89 | 1.19 | 1.21 | 1.11 | 1.01 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,692,180K ÷ $4,139,360K
= 0.89
Century Communities Inc's total asset turnover has displayed fluctuating trends over the past five years. The ratio indicates the company’s ability to generate revenue relative to its total assets. A higher total asset turnover suggests more efficient asset utilization.
In 2023, the total asset turnover decreased to 0.89 from 1.19 in 2022, reflecting a decline in the company's revenue generated from its total assets. This could be due to various factors such as a decrease in sales, inefficient asset utilization, or an increase in total assets without a corresponding increase in revenue.
Comparing 2023 to the previous years, the total asset turnover was lower than in 2021 (1.21) and 2020 (1.11), indicating a potential decline in asset efficiency. However, it was higher than in 2019 (1.01), showing some improvement in asset utilization over the long term.
Further analysis is needed to understand the factors driving the fluctuations in total asset turnover and to assess the company's overall efficiency in utilizing its assets to generate revenue effectively.
Peer comparison
Dec 31, 2023