LGI Homes (LGIH)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,202,600 | 2,358,580 | 2,304,460 | 3,050,150 | 2,367,930 |
| Property, plant and equipment | US$ in thousands | — | — | 32,997 | 16,944 | 3,618 |
| Fixed asset turnover | — | — | 69.84 | 180.01 | 654.49 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,202,600K ÷ $—K
= —
The fixed asset turnover ratio for LGI Homes has shown a significant decline over the years. As of December 31, 2020, the ratio was exceptionally high at 654.49, indicating that the company generated $654.49 in revenue for every dollar invested in fixed assets. However, this ratio dropped to 180.01 by December 31, 2021, and further decreased to 69.84 by December 31, 2022. The absence of data for 2023 and 2024 indicates that the company may have undergone significant changes or challenges during those years. Overall, the decreasing trend in fixed asset turnover suggests that LGI Homes may be facing challenges in efficiently utilizing its fixed assets to generate revenue, which could impact its profitability and operational efficiency.
Peer comparison
Dec 31, 2024