NVR Inc (NVR)

Total 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
Total assets	US$ in thousands	6,601,760	6,372,260	6,266,780	6,075,900	5,660,970	5,389,530	5,287,700	5,726,210	5,834,480	5,788,890	5,854,440	5,820,810	5,777,140	5,499,920	4,730,020	3,887,520	3,809,820	3,843,360	3,603,240	3,362,770
Total asset turnover		1.44	1.54	1.60	1.70	1.86	1.86	1.83	1.62	1.53	1.57	1.48	1.37	1.30	1.31	1.50	1.87	1.94	1.92	2.04	2.18

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,518,200K ÷ $6,601,760K
= 1.44

The total asset turnover ratio for NVR Inc. has exhibited fluctuations over the past eight quarters. The ratio ranged from a low of 1.47 in Q4 2023 to a high of 1.87 in Q4 2022 and Q3 2022. The ratio indicates how efficiently the company utilizes its assets to generate revenue.

A higher total asset turnover ratio suggests that the company is generating more sales with a lower level of assets, indicating efficiency in asset utilization. Conversely, a lower ratio may imply that the company is inefficient in generating sales with its current level of assets.

Overall, the trend in NVR Inc.'s total asset turnover ratio shows some variability, with some quarters demonstrating higher efficiency in asset utilization compared to others. The company may want to further analyze the drivers behind these fluctuations to improve its asset management and overall operational efficiency.