PulteGroup Inc (PHM)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 18,181,800 | 16,211,600 | 16,435,100 | 14,116,200 | 11,036,100 |
| Total assets | US$ in thousands | 17,363,800 | 16,087,000 | 14,796,500 | 13,352,600 | 12,205,500 |
| Total asset turnover | 1.05 | 1.01 | 1.11 | 1.06 | 0.90 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $18,181,800K ÷ $17,363,800K
= 1.05
Total asset turnover for PulteGroup Inc has shown a positive trend over the years, increasing from 0.90 in December 31, 2020, to 1.05 in December 31, 2024. This indicates that the company has become more efficient in generating sales relative to its total assets.
In 2021 and 2022, there was a significant improvement in asset utilization, with the total asset turnover reaching 1.06 and 1.11 respectively. This suggests that PulteGroup Inc was able to generate more revenue for each dollar of assets invested during those years.
However, in 2023, there was a slight dip in the total asset turnover to 1.01, which might indicate a temporary decrease in efficiency in utilizing assets to generate sales. Nonetheless, the ratio recovered in 2024, reaching 1.05.
Overall, the increasing trend in total asset turnover for PulteGroup Inc indicates improved efficiency in utilizing its assets to generate sales, which is a positive sign for the company's operational performance.
Peer comparison
Dec 31, 2024