DR Horton Inc (DHI)

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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Revenue (ttm)	US$ in thousands	36,801,500	37,302,900	37,062,800	35,928,500	35,460,300	34,595,700	33,658,200	33,684,300	33,479,900	31,949,800	30,446,300	28,894,200	27,774,200	26,065,300	24,170,700	22,223,800	20,311,100	18,949,600	18,465,900	18,094,600
Property, plant and equipment	US$ in thousands	531,000	520,900	479,900	475,500	445,400	425,300	509,600	501,700	471,600	481,300	434,000	410,400	392,900	367,000	895,000	748,400	683,700	631,900	589,700	563,400
Fixed asset turnover		69.31	71.61	77.23	75.56	79.61	81.34	66.05	67.14	70.99	66.38	70.15	70.40	70.69	71.02	27.01	29.70	29.71	29.99	31.31	32.12

September 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $36,801,500K ÷ $531,000K
= 69.31

DR Horton Inc has shown consistent and relatively high fixed asset turnover ratios over the past few years, indicating the company's efficiency in utilizing its fixed assets to generate sales. The fixed asset turnover ratio has generally stayed above 60, with peaks around 80 in some periods. This implies that for every dollar invested in fixed assets, the company is generating around $60 to $80 in sales.

The trend of the fixed asset turnover ratio has been relatively stable and upward over time, with some fluctuations. This suggests that DR Horton Inc has been effectively managing its fixed assets to drive revenue growth. It is essential to monitor this ratio continuously to ensure that the company is maintaining its efficiency in utilizing its fixed assets.