KB Home (KBH)

Fixed asset turnover

		Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019	May 31, 2019
Revenue (ttm)	US$ in thousands	6,494,090	6,410,630	6,676,670	6,934,560	6,889,300	6,903,780	6,638,950	6,261,150	5,981,980	5,724,930	5,243,990	4,775,903	4,248,983	4,183,183	4,547,603	4,709,380	4,817,210	4,552,753	4,342,683	4,407,243
Property, plant and equipment	US$ in thousands	—	88,309	111,763	89,804	89,359	89,234	86,219	82,902	79,247	76,313	72,470	69,336	67,558	65,547	64,619	65,764	64,453	65,043	64,119	61,221
Fixed asset turnover		—	72.59	59.74	77.22	77.10	77.37	77.00	75.52	75.49	75.02	72.36	68.88	62.89	63.82	70.38	71.61	74.74	70.00	67.73	71.99

February 29, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,494,090K ÷ $—K
= —

The fixed asset turnover ratio for KB Home has exhibited some fluctuations over the past few quarters. The company's fixed asset turnover has ranged from a low of 59.74 to a high of 77.22 during the period under review.

A higher fixed asset turnover ratio indicates that the company is generating more revenue from its fixed assets, which can be a positive sign of efficiency in asset utilization. On the other hand, a lower ratio may indicate underutilization of fixed assets.

Overall, KB Home's fixed asset turnover ratios seem to be relatively stable and consistent around the mid-70s range, suggesting that the company is effectively utilizing its fixed assets to generate revenue. Additional analysis of the company's operating performance and industry benchmarks would provide more insights into the efficiency of its fixed asset management.