DR Horton Inc (DHI)

Total asset turnover

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Revenue	US$ in thousands	35,460,400	33,480,000	27,774,200	20,311,100	17,592,900
Total assets	US$ in thousands	32,582,400	30,351,100	24,015,900	18,912,300	15,606,600
Total asset turnover		1.09	1.10	1.16	1.07	1.13

September 30, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $35,460,400K ÷ $32,582,400K
= 1.09

The total asset turnover ratio of D.R. Horton Inc. has exhibited a fluctuating trend over the past five years. The ratio stood at 1.09 in 2023, slightly lower than the previous year's 1.10. This indicates that the company generated $1.09 in sales for every $1 of total assets in 2023. The declining trend suggests a potential decrease in the efficiency of utilizing its assets to generate sales. However, it is essential to consider the nature of the industry and overall economic conditions, as well as other factors that may have influenced the company's operations during this period.