DR Horton Inc (DHI)

Total 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
Total assets	US$ in thousands	33,381,600	32,582,400	32,323,100	31,170,800	30,264,500	30,351,100	28,869,900	26,685,300	24,999,400	24,015,900	21,793,500	21,083,800	19,780,400	18,912,300	17,973,900	17,130,000	16,322,900	15,606,600	15,224,000	15,007,000
Total asset turnover		1.08	1.09	1.07	1.08	1.11	1.10	1.11	1.14	1.16	1.16	1.20	1.15	1.12	1.07	1.05	1.08	1.11	1.13	1.12	1.11

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $35,928,500K ÷ $33,381,600K
= 1.08

The total asset turnover of D.R. Horton Inc. indicates that the company generated $1.08 in sales for every $1 of assets at the end of December 2023. This ratio has been fairly consistent over the past eight quarters, ranging from 1.07 to 1.14. The stability suggests that the company has been effectively utilizing its assets to generate revenue. However, it's essential to note that the trend has shown a slight decrease from 1.14 in March 2022 to 1.08 in December 2023. This could indicate a less efficient use of assets to generate sales, and it may warrant further investigation into the company's operational effectiveness.