Century Communities Inc (CCS)

Total 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
Total assets	US$ in thousands	4,139,360	3,949,390	3,856,650	3,712,980	3,773,770	3,880,060	3,772,740	3,495,500	3,496,880	3,210,870	2,894,250	2,951,680	2,845,090	2,591,360	2,551,780	2,910,440	2,499,970	2,489,560	2,410,370	2,323,060
Total asset turnover		0.89	0.93	1.02	1.14	1.19	1.17	1.15	1.21	1.21	1.24	1.32	1.21	1.11	1.14	1.08	0.90	1.01	0.96	0.98	0.98

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,692,184K ÷ $4,139,360K
= 0.89

Century Communities Inc has exhibited varying levels of total asset turnover over the past eight quarters. The company's total asset turnover ratio, which measures the efficiency of the company in generating sales revenue from its total assets, showed a gradual decline from 1.21 in Q1 2022 to 0.89 in Q4 2023.

The downward trend in total asset turnover indicates that the company may be becoming less efficient in utilizing its assets to generate sales revenue. A lower total asset turnover ratio could signify that Century Communities Inc is either experiencing difficulties in effectively utilizing its assets or facing challenges in generating sufficient revenue from those assets.

It is important for the company to closely monitor and analyze the factors contributing to the decline in total asset turnover to identify areas for improvement. By improving operational efficiency, optimizing asset utilization, and increasing sales revenue, Century Communities Inc may be able to enhance its total asset turnover ratio and overall financial performance in the future.