PulteGroup Inc (PHM)

Fixed 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	16,211,570	17,278,700	17,170,230	16,861,230	16,435,110	15,472,220	15,056,210	14,535,940	14,116,210	12,760,680	12,236,590	11,470,890	11,036,080	10,860,630	10,616,030	10,511,230	10,212,940	10,195,180	10,134,190	10,214,930
Property, plant and equipment	US$ in thousands	221,500	69,900	73,000	72,900	200,300	69,300	70,800	69,000	149,200	78,000	80,400	69,000	131,700	73,500	76,700	76,200	111,700	72,400	72,200	73,300
Fixed asset turnover		73.19	247.19	235.21	231.29	82.05	223.26	212.66	210.67	94.61	163.60	152.20	166.24	83.80	147.76	138.41	137.94	91.43	140.82	140.36	139.36

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $16,211,570K ÷ $221,500K
= 73.19

The fixed asset turnover ratio for Q4 2023 is 72.52, indicating that for every dollar of fixed assets invested in the company, PulteGroup Inc generated $72.52 in sales during the fourth quarter of 2023. Comparing this to the ratio of 81.04 in Q4 2022, we observe a slight decrease in efficiency in utilizing fixed assets to generate revenue. It is important for the company to further analyze this trend and identify potential factors impacting the utilization of fixed assets to ensure optimal operational efficiency and profitability. Additionally, the lack of data for the other quarters in 2023 limits a comprehensive analysis of the fixed asset turnover trend throughout the year.