Taylor Morn Home (TMHC)
Working capital 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 current assets | US$ in thousands | 5,186,450 | 5,022,280 | 4,906,020 | 5,425,150 | 4,826,630 |
| Total current liabilities | US$ in thousands | 174,460 | 161,264 | 306,072 | 413,887 | 127,289 |
| Working capital turnover | 1.63 | 1.53 | 1.79 | 1.50 | 1.30 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $8,168,140K ÷ ($5,186,450K – $174,460K)
= 1.63
The working capital turnover ratio for Taylor Morn Home has shown a consistent increase over the past five years. Starting at 1.30 on December 31, 2020, the ratio has steadily grown to 1.50 by the end of 2021, 1.79 by the end of 2022, 1.53 by the end of 2023, and 1.63 by the end of 2024. This indicates that the company has been more efficient in utilizing its working capital to generate sales revenue over time. A higher working capital turnover ratio suggests that Taylor Morn Home is effectively managing its working capital to support its operations and generate sales.
Peer comparison
Dec 31, 2024