KB Home (KBH)
Activity ratios
Short-term
Turnover ratios
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.21 | 0.41 | 0.61 | 0.87 | 1.00 | 1.06 | 1.05 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 105.03 | 108.76 | 108.73 |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 33,641.21 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data on KB Home's activity ratios, let's analyze each ratio:
1. Inventory Turnover:
- The inventory turnover ratio has been declining over the periods, indicating that KB Home is taking longer to sell its inventory. A low inventory turnover may suggest overstocking or slow sales, which can tie up capital and lead to higher holding costs.
2. Receivables Turnover:
- The receivables turnover data is incomplete, as values are missing for most periods. However, based on the available data, it appears that KB Home has a high receivables turnover rate, which suggests that the company efficiently collects its outstanding receivables.
3. Payables Turnover:
- The information for payables turnover is not provided for any period, so it is not possible to assess KB Home's efficiency in paying its suppliers based on this data.
4. Working Capital Turnover:
- The working capital turnover ratio data is incomplete, with only a value provided for November 30, 2024. The fact that this ratio is provided only for one period limits the ability to assess KB Home's efficiency in generating revenue relative to its working capital.
In conclusion, the analysis of KB Home's activity ratios based on the provided data suggests that the company may be experiencing challenges in managing its inventory effectively, but appears to be efficient in collecting receivables. Further data would be needed to assess payables turnover and working capital turnover ratios comprehensively.
Average number of days
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 16,766.61 | 17,638.11 | 16,685.58 | 16,464.00 | 16,205.68 | 14,114.34 | 14,684.63 | 15,731.08 | 16,153.00 | 22,303.48 | 20,788.08 | 19,540.51 | 17,505.12 | 1,739.35 | 880.93 | 600.13 | 420.32 | 363.75 | 343.89 | 346.44 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 3.48 | 3.36 | 3.36 |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
The Days of Inventory on Hand (DOH) for KB Home have shown a fluctuating trend over the past few years. From February 29, 2020, to November 30, 2024, the DOH increased significantly, peaking at 22,303.48 days on August 31, 2022, before decreasing slightly to 16,766.61 days on November 30, 2024.
The Days of Sales Outstanding (DSO) data is incomplete, with no values reported after November 30, 2020. However, the DSO remained relatively stable in the data available, ranging from 3.36 to 3.48 days.
The Number of Days of Payables data was not provided, indicating that there is a lack of information to analyze KB Home's payables turnover efficiency.
Overall, the analysis of KB Home's activity ratios suggests that the company may have experienced challenges in managing its inventory levels efficiently, as evidenced by the significant fluctuations in the DOH metric. The stability in DSO could indicate prompt collection of receivables, while the absence of payables data limits a comprehensive assessment of the company's overall working capital management.
Long-term
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 76.70 | — | — | — | 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 |
| Total asset turnover | 1.00 | 0.97 | 0.95 | 0.97 | 0.96 | 1.02 | 1.07 | 1.06 | 1.04 | 0.99 | 0.95 | 0.97 | 0.98 | 0.91 | 0.85 | 0.78 | 0.78 | 0.88 | 0.93 | 0.95 |
The fixed asset turnover ratio for KB Home has shown some fluctuations over the past few years, reflecting the company's efficiency in generating sales from its fixed assets. The ratio has generally remained high, ranging from 59.74 to 77.59, indicating that KB Home has been able to effectively utilize its fixed assets to generate revenue.
On the other hand, the total asset turnover ratio, which measures the company's ability to generate sales from all its assets, has shown a more stable trend. It ranged from 0.78 to 1.07, with some variability over the periods. This suggests that KB Home has been moderately successful in generating sales relative to its total assets.
Overall, the analysis of KB Home's long-term activity ratios indicates that the company has been efficiently utilizing its fixed assets to generate revenue, with a relatively stable performance in generating sales from its total assets.