KB Home (KBH)

Working capital turnover

		Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020	Nov 30, 2019
Revenue	US$ in thousands	6,410,630	6,900,180	5,719,860	4,183,170	4,552,750
Total current assets	US$ in thousands	508,200	330,198	292,136	682,529	454,858
Total current liabilities	US$ in thousands	810,860	1,149,500	1,128,730	940,869	881,555
Working capital turnover		—	—	—	—	—

November 30, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $6,410,630K ÷ ($508,200K – $810,860K)
= —

The working capital turnover measures how efficiently a company utilizes its working capital to generate sales. KB Home's working capital turnover has fluctuated over the past five years, ranging from 1.07 to 1.37. In 2023, the company's working capital turnover was 1.26, indicating that for every dollar of working capital, KB Home generated $1.26 in sales. This suggests a slight decrease in efficiency from the previous year. Overall, the trend in working capital turnover suggests variability in the company's ability to effectively use its working capital to drive sales, which may warrant further investigation into the underlying factors contributing to this fluctuation.