KB Home (KBH)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,930,090 | 6,604,180 | 6,438,580 | 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 |
| Total assets | US$ in thousands | 6,936,170 | 6,839,880 | 6,805,680 | 6,683,490 | 6,648,360 | 6,576,990 | 6,483,020 | 6,514,100 | 6,651,930 | 6,730,590 | 6,579,480 | 6,188,330 | 5,835,920 | 5,756,350 | 5,618,930 | 5,426,780 | 5,356,440 | 5,177,430 | 5,042,000 | 5,052,830 |
| 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 |
November 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,930,090K ÷ $6,936,170K
= 1.00
KB Home's total asset turnover has fluctuated over the past several years, with the ratio ranging from 0.78 to 1.07. The total asset turnover ratio indicates how efficiently the company is utilizing its assets to generate revenue.
From February 2020 to February 2022, the total asset turnover ratio remained relatively stable, hovering around 0.95 to 1.06. This suggests that KB Home was effectively using its assets to generate revenue during this period.
However, there was a decline in the total asset turnover ratio from November 2022 to August 2023, dropping to 0.96 to 1.02. This may indicate a decrease in efficiency in utilizing assets to generate revenue during this time.
The total asset turnover ratio improved in the latter part of 2023 and into 2024, reaching levels of 0.97 to 1.00. This improvement suggests that KB Home was able to enhance its asset utilization efficiency and generate more revenue from its assets during this period.
Overall, while there have been fluctuations in KB Home's total asset turnover, the trend shows a mix of stability and improvement in asset utilization efficiency over the analyzed period.
Peer comparison
Nov 30, 2024