NVR Inc (NVR)
Working capital turnover
| Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,310,260 | 10,542,640 | 10,556,460 | 10,543,580 | 10,129,720 | 9,966,130 | 9,691,150 | 9,534,890 | 9,813,290 | 10,019,540 | 10,339,110 | 10,538,290 | 10,055,030 | 9,672,670 | 9,296,760 | 8,959,760 | 9,073,670 | 8,667,920 | 8,004,330 | 7,545,850 |
| Total current assets | US$ in thousands | 5,406,290 | 5,295,280 | 5,583,940 | 5,837,880 | 5,909,300 | 5,848,140 | 5,038,790 | 5,194,590 | 5,333,440 | 5,243,660 | 5,066,690 | 5,196,270 | 4,857,590 | 4,831,480 | 5,268,700 | 5,401,960 | 5,374,620 | 5,432,390 | 5,397,780 | 4,986,650 |
| Total current liabilities | US$ in thousands | 1,038,470 | 1,065,320 | 1,215,050 | 1,150,430 | 1,202,090 | 1,260,030 | 1,185,130 | 1,222,730 | 826,935 | 727,788 | 881,445 | 1,146,450 | 1,299,270 | 1,292,940 | 1,410,880 | 1,241,280 | 1,177,800 | 1,215,460 | 1,187,520 | 843,258 |
| Working capital turnover | 2.36 | 2.49 | 2.42 | 2.25 | 2.15 | 2.17 | 2.51 | 2.40 | 2.18 | 2.22 | 2.47 | 2.60 | 2.83 | 2.73 | 2.41 | 2.15 | 2.16 | 2.06 | 1.90 | 1.82 |
September 30, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $10,310,260K ÷ ($5,406,290K – $1,038,470K)
= 2.36
Peer comparison
Sep 30, 2025
Company name
Symbol
Working capital turnover
NVR Inc
NVR
2.36
DR Horton Inc
DHI
1.31
KB Home
KBH
1.27
Lennar Corporation
LEN
2.93
M/I Homes Inc
MHO
6.18
Meritage Corporation
MTH
6.65
PulteGroup Inc
PHM
1.44
Toll Brothers Inc
TOL
1.29