PulteGroup Inc (PHM)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,211,600 | 16,435,100 | 14,116,200 | 11,036,100 | 10,213,000 |
| Total assets | US$ in thousands | 16,087,000 | 14,796,500 | 13,352,600 | 12,205,500 | 10,715,600 |
| Total asset turnover | 1.01 | 1.11 | 1.06 | 0.90 | 0.95 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $16,211,600K ÷ $16,087,000K
= 1.01
PulteGroup Inc's total asset turnover has fluctuated over the past five years, ranging from 0.90 to 1.10. The ratio indicates how efficiently the company is utilizing its assets to generate revenue. A total asset turnover of 1.00 means that for each dollar of total assets, the company generates $1.00 of revenue.
In 2023, the total asset turnover was at 1.00, suggesting that the company generated exactly $1.00 in revenue for each dollar of assets. This is a decrease from the previous year's total asset turnover of 1.10, indicating a slightly less efficient use of assets. However, the ratio remains in a relatively stable range compared to previous years.
The decrease in total asset turnover from 2022 to 2023 could be due to various factors, such as changes in sales volume, asset management practices, or overall business operations. PulteGroup Inc may need to further assess its asset utilization and consider strategies to improve efficiency in order to enhance revenue generation relative to its total assets in the future.
Peer comparison
Dec 31, 2023