TRI Pointe Homes Inc (TPH)

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	3,715,206	3,978,306	4,211,590	4,391,951	4,348,534	4,035,744	3,997,134	3,997,504	3,982,226	3,833,046	3,632,320	3,384,366	3,260,450	3,340,890	3,256,821	3,185,429	3,083,011	3,074,441	3,101,117	3,173,706
Total assets	US$ in thousands	4,914,590	4,870,230	4,780,560	4,739,240	4,719,940	4,526,040	4,414,660	4,314,070	4,336,220	4,233,680	4,160,160	4,092,950	4,021,980	3,957,560	3,977,900	4,293,050	3,858,690	3,941,470	3,877,550	3,855,900
Total asset turnover		0.76	0.82	0.88	0.93	0.92	0.89	0.91	0.93	0.92	0.91	0.87	0.83	0.81	0.84	0.82	0.74	0.80	0.78	0.80	0.82

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,715,206K ÷ $4,914,590K
= 0.76

Tri Pointe Homes Inc.'s total asset turnover has shown some fluctuations over the past eight quarters. The ratio ranged from a low of 0.76 in Q4 2023 to a high of 0.93 in Q1 2023. Overall, the company appears to be effectively utilizing its total assets to generate revenue, as evidenced by the consistently above-average ratios exceeding 0.8. This suggests that the company is efficient in generating sales in relation to its total assets. It is notable that there was a slight decrease in total asset turnover in more recent quarters, indicating a potential slowdown in asset utilization efficiency. Further analysis of other financial and operational metrics would be necessary to fully assess the company's performance and identify any underlying factors driving these fluctuations.