NVR Inc (NVR)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,524,480 | 10,111,440 | 9,947,510 | 9,673,380 | 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 |
| Total assets | US$ in thousands | 6,380,990 | 6,488,160 | 6,407,290 | 6,538,160 | 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 |
| Total asset turnover | 1.65 | 1.56 | 1.55 | 1.48 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,524,480K ÷ $6,380,990K
= 1.65
Total asset turnover is a key financial ratio that measures a company's ability to generate sales revenue from its assets. In the case of NVR Inc, the total asset turnover has shown fluctuation over the past few years. It was 1.87 as of March 31, 2020, indicating that the company generated $1.87 in sales for every dollar of assets it had.
However, the total asset turnover ratio gradually decreased throughout 2020 and into the first half of 2021, reaching a low of 1.30 by December 31, 2020. This decline suggests that NVR Inc may have been less efficient in utilizing its assets to generate sales during this period.
Subsequently, there was a gradual improvement in the total asset turnover ratio from March 31, 2021 to June 30, 2022, indicating that the company was able to increase its sales relative to its assets. The ratio peaked at 1.86 by December 31, 2022, signifying that NVR Inc was generating more revenue per dollar of assets.
Towards the end of 2023 and into 2024, the total asset turnover ratio started to decrease slightly again, settling at 1.65 by December 31, 2024. Overall, the trend in NVR Inc's total asset turnover suggests variability in the company's efficiency in utilizing its assets to generate sales over the analyzed period.
Peer comparison
Dec 31, 2024