Taylor Morn Home (TMHC)
Total 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 |
| Total assets | US$ in thousands | 9,297,130 | 8,672,090 | 8,470,720 | 8,727,780 | 7,738,000 |
| Total asset turnover | 0.88 | 0.86 | 0.97 | 0.86 | 0.79 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $8,168,140K ÷ $9,297,130K
= 0.88
The total asset turnover of Taylor Morn Home has shown a consistent upward trend from 0.79 in December 31, 2020, to 0.88 in December 31, 2024. This indicates that the company is generating more revenue relative to its total assets invested over the years. The peak in total asset turnover was observed in December 31, 2022, reaching 0.97, showcasing the company's ability to efficiently utilize its assets to generate sales. However, there was a slight decrease in total asset turnover in December 31, 2023, compared to the previous year. Overall, the increasing trend in total asset turnover signifies improved asset utilization efficiency and a positive indicator of the company's operational performance.
Peer comparison
Dec 31, 2024