Taylor Morn Home (TMHC)

Total 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
Total assets	US$ in thousands	8,672,090	8,436,920	8,748,790	8,376,190	8,470,720	8,593,630	8,650,220	8,517,980	8,727,780	8,403,050	8,138,760	7,975,480	7,738,000	7,834,450	8,322,330	8,262,370	5,245,690	5,339,860	5,177,770	5,190,400
Total asset turnover		0.86	0.94	0.94	0.98	0.97	0.96	0.93	0.91	0.86	0.78	0.79	0.78	0.79	0.77	0.65	0.63	0.91	0.89	0.90	0.85

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,417,820K ÷ $8,672,090K
= 0.86

The total asset turnover of Taylor Morrison Home Corp. has shown a relatively stable performance over the past year, ranging from 0.86 to 0.98. This indicates the company's ability to generate sales revenue relative to its total assets.

The trend in total asset turnover shows a slight decrease in the most recent quarter compared to the previous quarter. While the ratio was at its lowest in Q4 2023 at 0.86, it gradually improved in the following quarters to reach its peak at 0.98 in Q1 2023.

Overall, the company has been efficient in utilizing its total assets to generate sales, with an average total asset turnover of around 0.94. It is important for the company to monitor this ratio closely to ensure that assets are being effectively used to drive revenue growth and profitability.