Taylor Morn Home (TMHC)

Fixed 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	7,417,820	7,890,090	8,249,190	8,183,650	8,224,910	8,238,200	8,062,310	7,786,570	7,501,260	6,553,340	6,394,020	6,201,420	6,129,310	6,038,250	5,443,920	5,182,670	4,762,062	4,753,472	4,684,752	4,400,150
Property, plant and equipment	US$ in thousands	295,121	262,671	223,847	213,374	202,398	223,594	220,230	207,918	155,181	146,463	127,869	125,118	97,927	95,546	96,504	98,798	85,866	83,654	84,630	85,275
Fixed asset turnover		25.13	30.04	36.85	38.35	40.64	36.84	36.61	37.45	48.34	44.74	50.00	49.56	62.59	63.20	56.41	52.46	55.46	56.82	55.36	51.60

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,417,820K ÷ $295,121K
= 25.13

Taylor Morrison Home Corp.'s fixed asset turnover has displayed a consistent upward trend throughout the quarters, indicating improved efficiency in utilizing its fixed assets to generate revenue. The company saw a significant increase from Q4 2022 to Q1 2023, reaching a peak of 40.64, before slightly decreasing in the following quarters. Despite the minor fluctuations, the fixed asset turnover remained at relatively high levels, reflecting effective management of the company's fixed assets in generating sales. Overall, the trend suggests that Taylor Morrison Home Corp. has been optimizing its fixed asset utilization efficiently over the periods analyzed.