NVR Inc (NVR)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,518,200 | 10,526,400 | 8,951,020 | 7,536,920 | 7,388,660 |
| Total assets | US$ in thousands | 6,601,760 | 5,660,970 | 5,834,480 | 5,777,140 | 3,809,820 |
| Total asset turnover | 1.44 | 1.86 | 1.53 | 1.30 | 1.94 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $9,518,200K ÷ $6,601,760K
= 1.44
NVR Inc.'s total asset turnover ratio has fluctuated over the past five years. In 2023, the total asset turnover ratio stood at 1.47, representing a decrease from the previous year. This ratio indicates that for every dollar of assets held by the company, it generated $1.47 of revenue.
Comparing this with the previous years, in 2022, the total asset turnover was higher at 1.87, suggesting that the company was more efficient in generating revenue from its assets. However, in 2021 and 2020, the ratio decreased to 1.54 and 1.31, respectively, indicating a decline in asset utilization efficiency during those years.
The highest total asset turnover ratio in the past five years was recorded in 2019 at 1.95, signaling a period of optimal asset efficiency and revenue generation for NVR Inc. Overall, the trend in total asset turnover for NVR Inc. shows variability, and it is important to analyze the factors that contributed to these fluctuations to understand the company's operational efficiency and performance.
Peer comparison
Dec 31, 2023