TRI Pointe Homes Inc (TPH)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,715,200 | 4,348,530 | 3,982,240 | 3,260,450 | 3,083,020 |
| Total assets | US$ in thousands | 4,914,590 | 4,719,940 | 4,336,220 | 4,021,980 | 3,858,690 |
| Total asset turnover | 0.76 | 0.92 | 0.92 | 0.81 | 0.80 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,715,200K ÷ $4,914,590K
= 0.76
Tri Pointe Homes Inc.'s total asset turnover ratio has fluctuated over the past five years. The ratio measures the efficiency of the company in generating sales from its assets. From 2019 to 2020, there was a slight increase in total asset turnover from 0.80 to 0.81. However, in 2021 and 2022, the ratio remained consistent at 0.92, indicating stable efficiency in asset utilization. In 2023, there was a dip in the total asset turnover to 0.76, which may suggest a decrease in sales generated from the company's assets. Further analysis would be needed to understand the reasons behind this fluctuation and its implications for the company's operational performance.
Peer comparison
Dec 31, 2023