NVR Inc (NVR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,524,500 | 9,518,200 | 10,526,400 | 8,951,020 | 7,536,920 |
| Total assets | US$ in thousands | 6,380,990 | 6,601,760 | 5,660,970 | 5,834,480 | 5,777,140 |
| Total asset turnover | 1.65 | 1.44 | 1.86 | 1.53 | 1.30 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,524,500K ÷ $6,380,990K
= 1.65
Total asset turnover is a key financial ratio that measures a company's ability to generate revenue relative to its total assets. For NVR Inc, the total asset turnover has shown fluctuations over the past five years.
In December 31, 2020, the total asset turnover was 1.30, indicating that NVR generated $1.30 in revenue for every $1 of total assets. This ratio increased to 1.53 by December 31, 2021, suggesting improved efficiency in asset utilization.
The ratio continued to rise significantly to 1.86 by December 31, 2022, showcasing a substantial increase in revenue generated per dollar of total assets. However, by December 31, 2023, the total asset turnover dropped to 1.44, indicating a slight decline in efficiency in generating revenue from assets.
Subsequently, by December 31, 2024, the total asset turnover improved to 1.65, signifying a recovery in asset utilization efficiency. Overall, the trend in total asset turnover for NVR Inc reflects varying degrees of efficiency in utilizing its assets to generate revenue over the five-year period.
Peer comparison
Dec 31, 2024