Dream Finders Homes Inc (DFH)
Fixed asset turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,028,420 | 3,917,380 | 3,806,969 | 3,748,589 | 3,710,059 | 3,599,898 | 3,447,693 | 3,342,339 | 3,094,959 | 2,672,274 | 2,244,416 | 1,923,910 | |||
| Property, plant and equipment | US$ in thousands | 24,898 | 8,775 | 8,275 | 7,043 | 7,523 | 7,948 | 7,564 | 7,337 | 7,582 | 6,511 | 6,620 | 6,789 | 3,825 | 4,229 | 4,662 |
| Fixed asset turnover | 161.80 | 446.43 | 460.06 | 532.24 | 493.16 | 452.93 | 455.80 | 455.55 | 408.20 | 410.42 | 339.04 | 283.39 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,028,420K ÷ $24,898K
= 161.80
The fixed asset turnover ratio for Dream Finders Homes Inc has shown a generally increasing trend over the past few quarters, indicating improved efficiency in generating sales revenue from its fixed assets. The ratio peaked at 532.24 in December 2023, suggesting that the company generated $532.24 in sales for every dollar invested in fixed assets during that period. This high ratio implies effective asset utilization and robust revenue generation.
While the ratio has fluctuated slightly in subsequent quarters, it has remained relatively high, with values above 400 in most periods. This signifies a consistently strong performance in utilizing fixed assets to drive revenue for the company.
Overall, the trend in Dream Finders Homes Inc's fixed asset turnover ratio points towards efficient management of its fixed assets to generate sales revenue, which is a positive indicator of the company's operational efficiency and profitability.
Peer comparison
Sep 30, 2024