PulteGroup Inc (PHM)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 0.11 | 0.19 | 0.16 | 0.14 | -0.09 | 0.63 | 0.39 | 0.14 | 0.14 | 0.12 | 0.13 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.15 | 0.14 | 0.15 | 0.15 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 12.12 | — | — | — | 9.60 | — | — | — | 17.02 | — | — | — | 8.34 | — | — | — | 4.42 | — | — | — |
PulteGroup Inc's inventory turnover ratio fluctuated over the analyzed period, starting at a low of 0.15 in March 2020, staying relatively stable around 0.14-0.15 until June 2024, then experiencing a significant increase to 0.39 in June 2023 and a peak of 0.63 in September 2023 before dropping to -0.09 in December 2023. This ratio indicates the efficiency of inventory management, with higher ratios generally being favorable.
The receivables turnover data was not available for analysis, suggesting that information about how quickly the company collects its accounts receivable is not disclosed in the provided data.
Similarly, payables turnover information was also not provided, preventing an assessment of how efficiently the company pays its suppliers.
The working capital turnover ratio shows a fluctuating trend, with available figures indicating variability in how effectively the company utilizes its working capital for generating sales. The ratio stood at 4.42 in December 2020, rose to 8.34 in December 2021, further spiked to 17.02 in December 2022, then dropped to 9.60 in December 2023, and was not available for the subsequent periods.
In conclusion, while the inventory turnover ratio and working capital turnover ratio demonstrate some volatility and varying levels of efficiency in managing inventory and working capital, additional information not provided for receivables and payables turnover limits the comprehensive assessment of PulteGroup Inc's activity ratios.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 3,208.96 | 1,904.23 | 2,226.93 | 2,599.49 | — | 582.33 | 927.18 | 2,661.37 | 2,658.12 | 2,936.21 | 2,778.36 | 2,699.58 | 2,588.15 | 2,677.88 | 2,623.19 | 2,642.97 | 2,504.58 | 2,531.63 | 2,472.36 | 2,447.31 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
PulteGroup Inc's Days of Inventory on Hand (DOH) has shown some fluctuations over the quarters analyzed. The DOH increased from 2,447.31 days as of March 31, 2020, to a peak of 2,936.21 days on September 30, 2022, before decreasing to 3,208.96 days on December 31, 2024. This indicates that the company held inventory for an extended period, which could tie up working capital and increase carrying costs.
On the other hand, the Days of Sales Outstanding (DSO) and Number of Days of Payables data are marked as "— days" for all the periods provided. This could suggest that either the company did not have significant accounts receivable or payable balances during these periods, making it challenging to analyze the efficiency of PulteGroup Inc in collecting receivables or managing payables.
Overall, PulteGroup Inc's DOH indicates a need to manage its inventory levels effectively to improve liquidity and operational efficiency. However, further information on sales outstanding and payables is needed to complete a comprehensive analysis of the company's activity ratios.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total asset turnover | 1.05 | 1.03 | 1.03 | 1.01 | 1.01 | 1.10 | 1.13 | 1.14 | 1.11 | 1.09 | 1.10 | 1.10 | 1.06 | 1.02 | 1.01 | 1.00 | 0.90 | 0.96 | 0.97 | 0.92 |
PulteGroup Inc's Fixed Asset Turnover ratio measures the efficiency of the company in generating sales revenue from its investment in fixed assets. The trend analysis of the Fixed Asset Turnover ratio shows varying levels over the periods provided. The ratio fluctuated between a high of 235.21 in June 30, 2023, and a low of 71.84 in December 31, 2024. This suggests significant fluctuations in the company's ability to generate sales from its fixed assets.
On the other hand, the Total Asset Turnover ratio evaluates how effectively the company utilizes its total assets to generate revenue. The trend analysis of the Total Asset Turnover ratio indicates an upward trend from 0.92 on March 31, 2020, to 1.05 on December 31, 2024. This growth suggests an improving ability to generate sales from total assets over the years.
In conclusion, the analysis of the long-term activity ratios of PulteGroup Inc highlights fluctuations in the efficiency of generating sales from fixed assets, while showing an overall improvement in utilizing total assets to generate revenue. Additionally, it may be beneficial for stakeholders to further investigate the factors impacting the fluctuations in the Fixed Asset Turnover ratio to understand the underlying reasons for these variations.