PulteGroup Inc (PHM)

Total 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
Total assets	US$ in thousands	16,087,000	15,717,300	15,225,900	14,831,000	14,796,500	14,211,800	13,700,300	13,164,200	13,352,600	12,571,900	12,082,000	11,445,700	12,205,500	11,365,000	10,958,500	11,423,400	10,715,600	10,264,500	10,095,500	10,207,300
Total asset turnover		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	0.95	0.99	1.00	1.00

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $16,211,570K ÷ $16,087,000K
= 1.01

The total asset turnover of PulteGroup Inc has remained relatively stable over the past eight quarters, ranging from 1.00 to 1.12. This ratio indicates the company's efficiency in generating sales revenue relative to its total assets. A higher total asset turnover generally signifies that the company is utilizing its assets effectively to generate revenue. In the case of PulteGroup Inc, the consistent total asset turnover above 1.00 suggests that the company is efficiently utilizing its assets to generate sales, with Q1 2023 showing the highest turnover at 1.12. This stability in the total asset turnover ratio over time reflects the company's ability to efficiently manage its assets to drive revenue growth.