KB Home (KBH)
Total asset turnover
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,942,600 | 6,410,630 | 6,900,180 | 5,719,860 | 4,183,170 |
| Total assets | US$ in thousands | 6,936,170 | 6,648,360 | 6,651,930 | 5,835,920 | 5,356,440 |
| Total asset turnover | 1.00 | 0.96 | 1.04 | 0.98 | 0.78 |
November 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,942,600K ÷ $6,936,170K
= 1.00
Total asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its assets. In the case of KB Home, the total asset turnover has shown a gradual improvement from 0.78 in November 30, 2020, to 1.00 in November 30, 2024. This indicates that the company has been able to generate more revenue for every dollar of assets over this time period.
The increase in total asset turnover suggests that KB Home has become more efficient in utilizing its assets to generate sales. This could be due to various factors such as better inventory management, improved operational efficiency, or effective utilization of resources.
Overall, the trend of increasing total asset turnover for KB Home is a positive sign as it indicates the company's ability to generate more revenue with the same level of investment in assets. It also reflects positively on the company's management of its resources and its overall financial performance.
Peer comparison
Nov 30, 2024