DR Horton Inc (DHI)

Fixed asset turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	US$ in thousands	36,801,400	35,460,400	33,480,000	27,774,200	20,311,100
Property, plant and equipment	US$ in thousands	531,000	445,400	471,600	392,900	683,700
Fixed asset turnover		69.31	79.61	70.99	70.69	29.71

September 30, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $36,801,400K ÷ $531,000K
= 69.31

The fixed asset turnover ratio for DR Horton Inc has shown variability over the past five years. In the latest financial year ending on September 30, 2024, the fixed asset turnover ratio was notably lower at 69.31 compared to the previous year's ratio of 79.61. This decrease may indicate that the company generated less revenue relative to its investment in fixed assets during the period.

Looking back further, the fixed asset turnover ratio for DR Horton Inc was relatively stable around 70 in the years 2022 and 2021, with a slight decline from the ratio of 70.99 in 2022 to 70.69 in 2021. However, there was a significant increase in the ratio in 2020, where it stood at 29.71.

The fluctuation in the fixed asset turnover ratio could be influenced by various factors such as changes in sales volume, asset utilization efficiency, or the level of investment in fixed assets. Further analysis, including a comparison with industry benchmarks and insights into the company's operational performance, would be beneficial to fully understand the implications of the changes in the fixed asset turnover ratio for DR Horton Inc.