DR Horton Inc (DHI)

Total 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
Total assets	US$ in thousands	36,104,300	32,582,400	30,351,100	24,015,900	18,912,300
Total asset turnover		1.02	1.09	1.10	1.16	1.07

September 30, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $36,801,400K ÷ $36,104,300K
= 1.02

Total asset turnover is a financial ratio that measures a company's ability to generate revenue in relation to its total assets. A higher total asset turnover indicates that the company is more efficient in utilizing its assets to generate sales.

Based on the data provided, DR Horton Inc's total asset turnover has been fluctuating over the past five years. In 2024, the total asset turnover decreased to 1.02 from 1.09 in 2023, indicating a slight decrease in efficiency in generating revenue from its assets. However, it is important to note that a total asset turnover of 1.02 still suggests that the company is effectively utilizing its assets to generate sales.

Looking at the trend over the past five years, the total asset turnover was highest in 2021 at 1.16 and lowest in 2020 at 1.07. Overall, the company has managed to maintain relatively consistent levels of total asset turnover, which suggests a stable performance in utilizing its assets efficiently to drive revenue. Further analysis would be needed to understand the factors contributing to these fluctuations and to assess the company's overall financial performance.