Taylor Morn Home (TMHC)

Total asset 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	8,168,130	7,831,500	7,386,200	7,455,710	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
Total assets	US$ in thousands	9,297,130	9,300,440	9,099,070	8,910,340	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
Total asset turnover		0.88	0.84	0.81	0.84	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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,168,130K ÷ $9,297,130K
= 0.88

Total asset turnover measures the efficiency of a company in generating sales revenue from its total assets. For Taylor Morn Home, we observe a fluctuating trend in total asset turnover over the analyzed periods, ranging from 0.63 to 0.88.

The metric started at 0.63 on March 31, 2020, showing that for every dollar of total assets, the company generated $0.63 in revenue. Thereafter, the total asset turnover gradually increased, peaking at 0.98 on March 31, 2023, indicating an improvement in asset utilization efficiency. However, the ratio dipped to 0.81 on June 30, 2024, before recovering slightly to 0.88 by December 31, 2024.

The rising trend in the earlier years suggests that Taylor Morn Home was becoming more efficient in utilizing its assets to drive sales growth. The decline in the later periods may indicate a potential slowdown in sales relative to total assets or changes in asset management strategies.

Overall, the company's total asset turnover performance demonstrates volatility and variability, reflecting fluctuations in operational efficiency and sales generation from total asset investments. Further analysis and contextual information would be valuable in understanding the underlying factors influencing these fluctuations and their implications for the company's financial performance and strategic direction.