PulteGroup Inc (PHM)

Fixed 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	18,181,830	17,468,810	16,996,000	16,585,090	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
Property, plant and equipment	US$ in thousands	253,100	—	—	—	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
Fixed asset turnover		71.84	—	—	—	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

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $18,181,830K ÷ $253,100K
= 71.84

The fixed asset turnover ratio of PulteGroup Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio measures how efficiently the company is generating sales revenue from its investment in fixed assets.

At the beginning of the period in March 2020, the fixed asset turnover was extremely high at 137.94 times, indicating that the company was generating significant revenue relative to its investment in fixed assets. This high ratio continued to be maintained and even increased slightly through June 2022, reaching peaks as high as 235.21 times in June 2023.

However, following June 2023, there was a sudden decline in the fixed asset turnover ratio, dropping to 73.19 times by December 31, 2023. This significant decrease may suggest that the company's fixed assets were not being utilized as efficiently to generate sales during this period.

As of March 31, 2024, the fixed asset turnover data is unavailable. Nonetheless, it is essential for the company to monitor this ratio closely to ensure the efficient utilization of its fixed assets in generating sales revenue. Fluctuations in this ratio may indicate changes in operational efficiency or asset utilization within the company, thereby impacting its overall financial performance.