PulteGroup Inc (PHM)
Working capital 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 current assets | US$ in thousands | 1,613,330 | 1,397,660 | 1,392,900 | 1,719,560 | 1,806,580 | 1,848,450 | 1,728,710 | 1,278,020 | 1,053,100 | 231,301 | 662,780 | 1,145,010 | 1,779,090 | 1,568,320 | 1,663,270 | 1,579,590 | 2,582,200 | 2,067,280 | 1,658,530 | 1,816,780 |
| Total current liabilities | US$ in thousands | 112,639 | 3,290,140 | 3,218,480 | 3,243,090 | 117,212 | 2,966,620 | 2,876,680 | 2,960,540 | 87,578 | 3,166,340 | 2,666,440 | 3,153,200 | 87,462 | 2,771,770 | 2,609,070 | 2,346,830 | 84,505 | 2,096,990 | 2,079,840 | 2,167,050 |
| Working capital turnover | 12.12 | — | — | — | 9.60 | — | — | — | 17.02 | — | — | — | 8.34 | — | — | — | 4.42 | — | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $18,181,830K ÷ ($1,613,330K – $112,639K)
= 12.12
The working capital turnover ratio for PulteGroup Inc has shown fluctuations over the years. It was not determinable ("—") in March, June, and September 2020. However, in December 2020, it was 4.42, indicating that the company generated $4.42 in revenue for every dollar of working capital invested during that period.
The ratio remained indeterminable in the following quarters until a significant increase was seen in December 2021, reaching 8.34, signaling an improvement in the efficiency of utilizing working capital to generate sales.
There was then a substantial surge in the working capital turnover ratio in December 2022 to 17.02, indicating a remarkable increase in the company's ability to generate revenue relative to its working capital.
The ratio dipped in December 2023 to 9.60, but still portrayed a strong efficiency in utilizing working capital to drive sales.
In conclusion, PulteGroup Inc's working capital turnover ratio has shown variance over the years, with significant improvements seen in December 2021 and 2022, signifying an enhanced efficiency in converting working capital into sales. However, it dropped slightly in December 2023 but remained at a reasonable level.
Peer comparison
Dec 31, 2024