KB Home (KBH)
Working capital 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 current assets | US$ in thousands | 385,100 | 508,200 | 330,198 | 292,136 | 682,529 |
| Total current liabilities | US$ in thousands | — | 810,860 | 1,149,500 | 1,128,730 | 940,869 |
| Working capital turnover | 18.03 | — | — | — | — |
November 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $6,942,600K ÷ ($385,100K – $—K)
= 18.03
The working capital turnover ratio for KB Home has been consistent at a level of 18.03 for the financial year ending November 30, 2024. This ratio indicates that for every dollar of working capital, KB Home generates $18.03 in revenue. However, the absence of data for the prior years prevents a comparison over time. A higher turnover ratio is generally preferred as it implies a more efficient use of working capital in generating sales. Further analysis and comparison with industry peers would provide a better context to evaluate the company's operational efficiency.
Peer comparison
Nov 30, 2024