TRI Pointe Homes Inc (TPH)
Working capital 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 | 4,470,482 | 4,498,692 | 4,181,780 | 3,864,189 | 3,704,448 | 3,967,548 | 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 |
| Total current assets | US$ in thousands | 4,235,120 | 4,230,980 | 4,103,320 | 4,492,010 | 4,431,070 | 4,381,240 | 4,292,030 | 4,249,790 | 4,232,960 | 4,028,970 | 3,918,160 | 3,832,930 | 3,853,270 | 3,810,810 | 3,756,220 | 3,693,690 | 3,594,990 | 3,556,380 | 3,596,020 | 3,928,490 |
| Total current liabilities | US$ in thousands | 68,228 | 216,281 | 339,150 | 344,770 | 518,364 | 564,420 | 503,904 | 493,819 | 505,358 | 229,703 | 254,417 | 260,589 | 550,867 | 535,755 | 267,118 | 250,554 | 446,430 | 426,211 | 160,014 | 658,804 |
| Working capital turnover | 1.07 | 1.12 | 1.11 | 0.93 | 0.95 | 1.04 | 1.11 | 1.17 | 1.17 | 1.06 | 1.09 | 1.12 | 1.21 | 1.17 | 1.04 | 0.98 | 1.04 | 1.07 | 0.95 | 0.97 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,470,482K ÷ ($4,235,120K – $68,228K)
= 1.07
TRI Pointe Homes Inc's working capital turnover has shown fluctuations over the reported periods. The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales revenue. A higher ratio indicates a more efficient use of working capital.
From March 31, 2020, to December 31, 2024, the working capital turnover ratio ranged from a low of 0.93 to a high of 1.21. The ratio peaked at 1.21 on December 31, 2021, suggesting an improved efficiency in utilizing its working capital to generate sales. However, it decreased to 0.93 by March 31, 2024, indicating a potential decrease in the efficiency of working capital utilization during that period.
Overall, the trend in the working capital turnover ratio for TRI Pointe Homes Inc shows some variability, with fluctuations seen in the efficiency of working capital management over the analyzed periods. It is important for the company to monitor and manage its working capital effectively to support its operational activities and achieve sustainable growth.
Peer comparison
Dec 31, 2024