DR Horton Inc (DHI)

Fixed asset turnover

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	17,592,900	17,059,200	16,588,200
Property, plant and equipment	US$ in thousands	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	499,200	454,200	437,900
Fixed asset turnover		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	35.24	37.56	37.88

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $35,928,500K ÷ $475,500K
= 75.56

The fixed asset turnover ratio of D.R. Horton Inc. has exhibited some fluctuations over the past eight quarters. The ratio was highest at 81.34 in June 2023 and lowest at 66.05 in March 2023. This ratio measures the efficiency of the company in generating sales revenue from its investment in fixed assets. A higher ratio indicates that the company is effectively utilizing its fixed assets to generate sales. Despite some fluctuations, the trend in the fixed asset turnover ratio suggests that D.R. Horton Inc. has been relatively successful in generating sales from its fixed assets over the period. However, it would be important to explore the specific factors contributing to the fluctuations in order to gain a comprehensive understanding of the company's performance in this area.