Taylor Morn Home (TMHC)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,168,140 | 7,417,830 | 8,224,920 | 7,501,260 | 6,129,320 |
| Property, plant and equipment | US$ in thousands | 232,709 | 295,121 | 202,398 | 155,181 | 97,927 |
| Fixed asset turnover | 35.10 | 25.13 | 40.64 | 48.34 | 62.59 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $8,168,140K ÷ $232,709K
= 35.10
The fixed asset turnover ratio for Taylor Morn Home has shown a declining trend over the five-year period from December 31, 2020, to December 31, 2024. The ratio decreased from 62.59 in 2020 to 35.10 in 2024. This decline indicates that the company's ability to generate sales revenue from its fixed assets has weakened over the years, possibly due to factors such as underutilization of assets, inefficient operations, or changes in the business environment. It is essential for the company to address these issues to improve its fixed asset turnover ratio and optimize the utilization of its fixed assets for better financial performance.
Peer comparison
Dec 31, 2024