PulteGroup Inc (PHM)
Working capital 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 current assets | US$ in thousands | 1,806,580 | 1,053,100 | 1,779,090 | 2,582,200 | 1,224,110 |
| Total current liabilities | US$ in thousands | 117,212 | 87,578 | 87,462 | 84,505 | 51,827 |
| Working capital turnover | 9.60 | 17.02 | 8.34 | 4.42 | 8.71 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $16,211,600K ÷ ($1,806,580K – $117,212K)
= 9.60
The working capital turnover ratio for PulteGroup Inc has fluctuated over the past five years. The ratio measures how effectively the company is utilizing its working capital to generate revenue. A higher ratio indicates better efficiency in using working capital.
From 2019 to 2020, there was a decrease in the working capital turnover ratio from 1.37 to 1.29, suggesting a slight decrease in efficiency in utilizing working capital. However, from 2020 to 2021, there was an increase in the ratio to 1.61, indicating an improvement in efficiency.
In 2022, the ratio peaked at 1.62, showcasing further improvements in utilizing working capital effectively. However, in 2023, the ratio decreased to 1.43, indicating a slight decline in efficiency compared to the previous year.
Overall, PulteGroup Inc has shown fluctuations in its working capital turnover ratio over the years, with some years experiencing improvements while others have faced slight declines in efficiency in managing working capital effectively.
Peer comparison
Dec 31, 2023