NVR Inc (NVR)

Fixed asset turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	9,518,200	9,797,810	10,005,690	10,326,300	10,526,430	10,044,590	9,663,330	9,287,990	8,951,030	9,064,710	8,659,080	7,995,850	7,536,930	7,183,110	7,104,360	7,284,180	7,388,660	7,393,010	7,334,160	7,321,270
Property, plant and equipment	US$ in thousands	—	161,878	158,698	153,187	148,601	59,232	125,720	60,215	115,989	115,858	116,119	60,180	62,330	63,466	55,717	56,484	58,088	56,521	54,519	49,543
Fixed asset turnover		—	60.53	63.05	67.41	70.84	169.58	76.86	154.25	77.17	78.24	74.57	132.87	120.92	113.18	127.51	128.96	127.20	130.80	134.52	147.78

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $9,518,200K ÷ $—K
= —

The fixed asset turnover ratio for NVR Inc. has shown a generally increasing trend over the past eight quarters, indicating that the company is becoming more efficient in generating revenue from its fixed assets. This ratio measures how well the company is utilizing its fixed assets to generate sales, with higher values indicating better efficiency.

The highest fixed asset turnover ratio was observed in Q1 2023 at 173.28, suggesting that NVR Inc. generated $173.28 in sales for every dollar of fixed assets during that quarter. This indicates strong efficiency in utilizing fixed assets to generate revenue.

On average, the fixed asset turnover ratio for NVR Inc. over the past eight quarters was 160.64, signaling consistent efficiency in using fixed assets to drive sales. The company's ability to effectively utilize its fixed assets is essential for maximizing profitability and shareholder value.

Overall, the increasing trend in the fixed asset turnover ratio for NVR Inc. suggests improving efficiency in utilizing fixed assets to generate revenue, which bodes well for the company's financial health and operational performance.