Dream Finders Homes Inc (DFH)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 3,748,590 | 3,342,340 | 1,923,910 |
| Property, plant and equipment | US$ in thousands | 7,043 | 7,337 | 6,789 |
| Fixed asset turnover | 532.24 | 455.55 | 283.39 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,748,590K ÷ $7,043K
= 532.24
The fixed asset turnover ratio for Dream Finders Homes Inc has shown a significant upward trend over the past three years, indicating an improvement in the company's efficiency in generating revenue from its investment in fixed assets. In 2023, the fixed asset turnover ratio reached 532.24, which represents a substantial increase from 455.55 in 2022 and 283.39 in 2021.
This rise in fixed asset turnover signifies that Dream Finders Homes Inc has been able to utilize its fixed assets more effectively to generate sales revenue. It indicates that the company is making better use of its property, plant, and equipment to drive sales and overall business performance.
A high fixed asset turnover ratio suggests that the company is achieving a higher level of sales relative to its investment in fixed assets, which is generally considered a positive indicator of operational efficiency and asset utilization. Dream Finders Homes Inc's increasing fixed asset turnover ratio over the years reflects its ability to generate more revenue per dollar invested in fixed assets, implying improved profitability and operational performance.
Peer comparison
Dec 31, 2023