Dream Finders Homes Inc (DFH)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 1.18 | 1.37 | 1.88 | 2.00 | 2.41 | 2.45 | 2.43 | 2.48 | 2.32 | 1.84 | 1.75 | 1.67 | 1.51 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 5.78 | 4.51 | 3.71 | 3.61 | 3.09 | 3.68 | 5.72 | 7.05 | 5.85 | 5.96 | 5.77 | 5.08 | 3.60 |
Based on the provided data for Dream Finders Homes Inc., let's analyze the activity ratios:
1. Inventory Turnover:
- The inventory turnover ratio measures how efficiently a company is managing its inventory. Dream Finders Homes Inc.'s inventory turnover has been increasing steadily from 1.51 in December 2021 to 1.18 in December 2024. The company has shown improved efficiency in selling its inventory over time, with the ratio peaking at 2.48 in March 2023.
2. Receivables Turnover:
- There is no data available for the receivables turnover ratio. This may indicate that the company does not maintain a significant level of accounts receivable, or the data was not provided.
3. Payables Turnover:
- Similarly, there is no data available for the payables turnover ratio. This could suggest that the company does not have a significant level of accounts payable, or the data was not provided.
4. Working Capital Turnover:
- The working capital turnover ratio assesses how effectively a company utilizes its working capital to generate sales revenue. Dream Finders Homes Inc.'s working capital turnover has shown fluctuations over the periods reported, ranging from a low of 3.09 in December 2023 to a high of 7.05 in March 2023. The company's ability to generate sales relative to its working capital has varied but overall demonstrates a moderate level of efficiency.
In conclusion, Dream Finders Homes Inc. has seen improvements in its inventory turnover over the years, while data for receivables and payables turnover ratios was not provided. The working capital turnover ratio fluctuated over the reporting periods, indicating varying levels of efficiency in utilizing working capital to generate sales.
Average number of days
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 309.64 | 266.26 | 194.17 | 182.26 | 151.70 | 149.22 | 150.09 | 147.35 | 157.57 | 198.08 | 209.03 | 218.45 | 241.77 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — |
Dream Finders Homes Inc's Days of Inventory on Hand (DOH) ratio has shown fluctuations over the years, ranging from a high of 309.64 days on December 31, 2024, to a low of 147.35 days on March 31, 2023. This ratio measures how many days, on average, the company holds onto its inventory before selling it. A decreasing trend in DOH is generally positive as it indicates efficient inventory management.
In contrast, the Days of Sales Outstanding (DSO) ratio provided no data for analysis from December 31, 2021, to December 31, 2024. This ratio measures how long it takes for the company to collect its accounts receivable. The absence of data for DSO may suggest that the company's financial performance or collection processes are not accurately reflected or available in the dataset.
The Number of Days of Payables ratio also lacked data from December 31, 2021, to December 31, 2024, making it difficult to assess how long Dream Finders Homes takes to pay its suppliers or trade payables. The absence of this information limits the understanding of the company's liquidity and ability to manage its payables effectively.
Overall, without complete information on DSO and Days of Payables, a comprehensive evaluation of Dream Finders Homes Inc's activity ratios, particularly in terms of accounts receivable and payables management, is hindered. It would be beneficial for the company to provide more transparent and consistent data for a more thorough analysis of its activity ratios.
Long-term
| Dec 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 169.14 | 161.80 | 446.43 | 460.06 | 532.24 | 493.16 | 452.93 | 455.80 | 455.55 | 408.20 | 410.42 | 339.04 | 283.39 |
| Total asset turnover | 1.34 | 1.21 | 1.31 | 1.40 | 1.46 | 1.56 | 1.57 | 1.49 | 1.41 | 1.35 | 1.26 | 1.13 | 1.02 |
The fixed asset turnover ratio of Dream Finders Homes Inc has fluctuated over the years, with a notable increase from December 31, 2021, to September 30, 2023. This ratio measures how efficiently the company is generating sales from its investment in fixed assets, such as property, plant, and equipment. A higher fixed asset turnover ratio indicates that the company is effectively utilizing its fixed assets to generate revenue.
On the other hand, the total asset turnover ratio of Dream Finders Homes Inc shows a general decreasing trend from March 31, 2023, to December 31, 2024. This ratio assesses the company's ability to generate sales from its total assets. A declining total asset turnover ratio may indicate decreasing sales in relation to the asset base, which could signal inefficiencies in asset utilization or potentially slower revenue growth compared to asset growth.
Overall, the company's fixed asset turnover ratio shows improvements in asset efficiency, while the total asset turnover ratio indicates a mixed performance in generating sales from the total asset base during the period under review.