Dream Finders Homes Inc (DFH)
Activity ratios
Short-term
Turnover ratios
| 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 | 1.37 | 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 | 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 activity ratios provided for Dream Finders Homes Inc, we can observe the following trends:
1. Inventory turnover: This ratio measures how efficiently the company is managing its inventory. A higher turnover indicates better inventory management. The trend shows a slight decrease initially in the year 2022, followed by an increase throughout 2023 and most of 2024. However, the ratio dropped in the recent period, indicating a potential slowdown in inventory turnover.
2. Receivables turnover: Unfortunately, data for receivables turnover is missing, making it difficult to assess how efficiently the company is collecting on its credit sales. Without this information, it is challenging to gauge the effectiveness of the company's credit policies and collection efforts.
3. Payables turnover: Similarly, data for payables turnover is also missing, preventing an analysis of how quickly the company is paying its suppliers. This ratio is important for understanding the company's payment practices and liquidity management.
4. Working capital turnover: This ratio indicates how effectively the company is using its working capital to generate sales. A higher turnover suggests efficient use of resources. The trend for Dream Finders Homes Inc shows fluctuations over the periods analyzed, with some periods showing strong turnover and others exhibiting lower turnover. Notably, there was a significant spike in working capital turnover in the March 2023 period, followed by a slight decline in the subsequent periods.
In conclusion, while the inventory turnover ratio improved over time, the lack of data for receivables and payables turnover limits a comprehensive assessment of Dream Finders Homes Inc's overall efficiency in managing working capital and optimizing cash flow. Further analysis with complete data sets would provide a more detailed insight into the company's operational performance in these areas.
Average number of days
| 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided activity ratios for Dream Finders Homes Inc:
1. Days of Inventory on Hand (DOH):
- The Days of Inventory on Hand vary significantly over the periods analyzed.
- The trend indicates fluctuations in managing the company's inventory levels efficiently.
- Generally, a lower DOH is considered better as it suggests a faster inventory turnover and efficient management of inventory.
2. Days of Sales Outstanding (DSO):
- Unfortunately, the data for Days of Sales Outstanding is missing for all periods, making it challenging to assess the efficiency of the company in collecting its accounts receivable.
- DSO is a crucial metric that helps in evaluating the effectiveness of credit and collection policies.
3. Number of Days of Payables:
- Similar to DSO, the information for the Number of Days of Payables is unavailable for all periods analyzed.
- Analyzing the payment practices and the management of payables is essential in understanding the company's cash flow management and relationships with suppliers.
Overall, the availability of data for DSO and the Number of Days of Payables would provide a more holistic view of Dream Finders Homes Inc's efficiency in managing its working capital and relationships with customers and suppliers.
Long-term
| 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 | 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 | 1.21 | 1.31 | 1.40 | 1.46 | 1.56 | 1.57 | 1.49 | 1.41 | 1.35 | 1.26 | 1.13 | 1.02 |
Dream Finders Homes Inc's long-term activity ratios show variations in its operational efficiency over the past years. The fixed asset turnover ratio has fluctuated significantly, ranging from a low of 283.39 in December 2021 to a high of 532.24 in March 2024. This ratio indicates the company's ability to generate sales from its fixed assets, with higher values suggesting better asset utilization.
In contrast, the total asset turnover ratio has also shown fluctuations, although to a lesser extent than the fixed asset turnover. It ranged from a low of 1.02 in December 2021 to a high of 1.56 in September 2023. This ratio reflects the company's overall efficiency in generating sales from all its assets, including both fixed and current assets.
Overall, Dream Finders Homes Inc's long-term activity ratios suggest that the company has been able to effectively utilize its assets to generate sales, with room for improvement in optimizing fixed asset turnover for better efficiency. Monitoring these ratios going forward can provide insights into the company's operational performance and efficiency in managing its assets.