Dream Finders Homes Inc (DFH)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 3,748,590 | 3,342,340 | 1,923,910 |
| Total assets | US$ in thousands | 2,562,440 | 2,371,140 | 1,894,250 |
| Total asset turnover | 1.46 | 1.41 | 1.02 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,748,590K ÷ $2,562,440K
= 1.46
Over the past three years, Dream Finders Homes Inc has shown an increasing trend in its total asset turnover ratio. The total asset turnover ratio measures the efficiency with which the company generates sales revenue from its total assets. In 2021, the company had a total asset turnover of 1.02, which indicates that it generated $1.02 of sales for every $1 of total assets.
In 2022, this ratio improved to 1.41, reflecting an increase in the efficiency of asset utilization. This implies that for every $1 of total assets, Dream Finders Homes generated $1.41 in sales revenue.
Furthermore, by the end of 2023, the total asset turnover ratio further increased to 1.46, signaling continued improvements in asset utilization efficiency. This means that the company was able to generate $1.46 in sales for every $1 of total assets it held.
Overall, the increasing trend in Dream Finders Homes' total asset turnover ratio over the three years suggests that the company has been effectively leveraging its assets to drive sales growth, indicating a positive trajectory in operational efficiency and profitability.
Peer comparison
Dec 31, 2023