Toll Brothers Inc (TOL)
Activity ratios
Short-term
Turnover ratios
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 0.91 | 0.84 | 0.86 | 0.88 | 0.92 | 0.96 | 0.97 | 0.96 | 1.00 | 0.89 | 0.91 | 0.93 | 0.98 | 0.90 | 0.84 | 0.84 | 0.85 | 0.80 | 0.79 | 0.80 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 9.73 | 13.72 | 11.62 | 14.69 | 8.37 | 11.10 | 15.91 | 14.25 | 9.98 | 47.37 | 22.23 | 15.83 | 5.93 | 10.40 | 13.53 | 8.74 | 5.83 | 15.89 | 11.12 | 17.09 |
Inventory turnover for Toll Brothers Inc has been fluctuating over the past few quarters, ranging from 0.79 to 1.00. This indicates that the company's ability to sell its inventory has varied, with a general trend of lower turnover in recent periods.
Receivables turnover and payables turnover data are not available, suggesting that these specific activity ratios are not disclosed by the company or are not applicable in the industry.
Working capital turnover has also been inconsistent, ranging from 5.83 to 47.37. A higher working capital turnover ratio signifies that the company is efficiently using its working capital to generate sales, while a lower ratio may indicate inefficiencies in the utilization of working capital.
Overall, a closer look at inventory management practices and working capital utilization is warranted for Toll Brothers Inc to improve operational efficiency and profitability.
Average number of days
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 401.30 | 434.01 | 425.36 | 417.05 | 398.34 | 380.42 | 378.15 | 381.51 | 363.60 | 411.48 | 400.09 | 394.56 | 371.88 | 406.27 | 432.34 | 432.45 | 428.27 | 458.26 | 460.76 | 454.19 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data for Toll Brothers Inc's activity ratios, the Days of Inventory on Hand (DOH) have shown fluctuation over time. The trend indicates that the company has generally been holding inventory for longer periods in recent periods compared to before. This could imply potential issues with inventory management efficiency, such as overstocking or slowing sales.
Unfortunately, there is no data available for Days of Sales Outstanding (DSO) or Number of Days of Payables to analyze trends or make comparisons for accounts receivable and accounts payable turnover. Therefore, a comprehensive assessment of the company's receivables and payables management effectiveness cannot be conducted. It would be beneficial to track DSO and payables turnover in the future to gain insights into the company's liquidity and working capital management.
Long-term
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 23.94 | 22.94 | 32.67 | 31.59 | 30.85 | 36.30 | 35.20 | 34.95 | 35.70 | 33.34 | 30.17 | 28.62 | 28.31 | 27.28 | 27.83 | 26.36 | 22.42 | 22.16 | 25.35 | 25.25 |
| Total asset turnover | 0.81 | 0.79 | 0.79 | 0.81 | 0.80 | 0.87 | 0.88 | 0.86 | 0.84 | 0.82 | 0.81 | 0.80 | 0.76 | 0.74 | 0.70 | 0.67 | 0.64 | 0.66 | 0.65 | 0.68 |
Toll Brothers Inc's fixed asset turnover ratio has shown fluctuations over the periods analyzed, ranging from a low of 22.16 to a high of 36.30. This ratio indicates the company's efficiency in generating revenue from its investment in fixed assets. A higher fixed asset turnover ratio is generally favorable as it suggests that the company is utilizing its fixed assets more efficiently to generate sales.
In contrast, the total asset turnover ratio has been relatively stable, hovering around 0.80 to 0.87. This ratio reflects Toll Brothers Inc's overall efficiency in generating sales from its total assets, including both fixed and current assets. A higher total asset turnover ratio signifies that the company is able to generate more sales from its total asset base.
Overall, while the fixed asset turnover ratio has shown more variability, the stability in the total asset turnover ratio indicates that Toll Brothers Inc has been consistently efficient in generating sales relative to its total asset base. Further analysis and comparison with industry benchmarks would provide additional insights into the company's long-term activity performance.