PulteGroup Inc (PHM)

Total 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
Total assets	US$ in thousands	17,363,800	16,955,100	16,544,100	16,496,200	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
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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $18,181,830K ÷ $17,363,800K
= 1.05

The total asset turnover of PulteGroup Inc has shown variability over the analyzed period. The ratio indicates how effectively the company is utilizing its assets to generate revenue. From March 31, 2020, to March 31, 2024, the total asset turnover ratio fluctuated between 0.92 and 1.14.

Initially, the ratio was below 1, suggesting that the company was generating less revenue relative to its total assets. However, there was a positive trend starting from March 31, 2021, indicating improved asset utilization. The ratio surpassed 1 in this period, reflecting that PulteGroup Inc was generating more revenue for each dollar of assets held.

Although there were slight fluctuations in the ratio over the subsequent periods, overall, the trend remained relatively stable and above 1, indicating efficient asset management. The ratio peaked at 1.14 on March 31, 2023, showing the company's ability to generate significant revenue from its assets at that point.

The consistent performance above 1 in the latter part of the analysis period indicates that PulteGroup Inc has been effectively leveraging its assets to drive revenue growth, which is a positive signal for the company's operational efficiency and financial performance.