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year to year organically as services revenue was down 8% in line with prior quarter, and resale declined 19%. largely due to disciplined resource management, ongoing actions to optimize our data centers and networks, and the lower mix of resale revenue. GIS, which represents 48% of total revenue, declined 9.6% points year to year to 8.2%
The shortfall was due to a combination of a smaller benefit from working capital and higher-than-anticipated cash tax levels. Depreciation and amortization was flat year to year as a percent of revenue, down $17 million, reflecting continued capital discipline. Turning to capital deployment. SG&A was 8.7%
While resale revenues performed as expected, down 28% year over year, services revenue declined 8% helped by higher-than-anticipated in-quarter volumes. The lower mix of resale revenue also contributed to the year-to-year margin improvement. Moving to GIS. Profit margin expanded over two points to 7.3%. The book-to-bill ratio was 0.67
So, let me go ahead and begin by saying that we are quite pleased to report that the Lennar team has remained focused on production and pace, cash flow, inventory turns, and return on capital, and we have again produced strong and consistent results for the quarter. debt to total capitalcapitalization ratio, down from 14.2
Before I move on to our financial results and guidance, a brief update on our recent real estate and capital markets activity. Operator The next question will come from Brad Heffern with RBC Capital Markets. Brad Heffern -- RBC Capital Markets -- Analyst Hi, everyone. Brad Heffern -- RBC Capital Markets -- Analyst OK, thank you.
Already, our agents have reported a mostly seasonal resurgence in bidding wars. Chris Nielsen -- Chief Financial Officer Yes, the short answer to your question is we do feel good about our capital position. So again, we feel like we've got plenty of capital to manage the business here. Are you in a good spot loan officer wise?
It also results in more competitive bidding inventory that we were previously selling, which is again, higher price translates into higher margins. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. So, ad tech in general, boosts our margins. So, that's one bucket.
There's a long returns on capital of the low double-digit operating margin. But there's so much capital that has to go into these businesses. laughs] The more these thing is published, the more panic it creates, and it bids that price up and up and up. It just meander. Even operating margin can be quite good. The thing is funny.
Deidre interviews ThredUp CEO James Reinhart about resale as a service and the company's plans for growth. I talked to James Reinhart, CEO of ThredUp, about how his company is taking on the world of clothing resale. In the report you noted resale grew five times as much as broader retail clothing. Tim Beyers: Thanks, Deidre.
Overall, we do expect markets to return to a more balanced new home versus resale equilibrium in the future, with some of our submarkets already experiencing increased competition from existing home inventory. Our capital allocation is focused on both organic growth and shareholder returns to enhance shareholder value. On to Slide 9.
The basic issue is that Tesla had some capital expenditures, but the corresponding amount isn't showing up as new fixed assets on its books. When you look at the big picture for Tesla, I think that's much more the concern here for most shareholders, which has to do with the resale value of Tesla's plummeting. lain and simple.
This year, we'll pull from the gifting playbook to capitalize on another Quintessential Etsy cross-category purchase occasion, personalized items, which fits squarely into our place for special wheelhouse. fashion resale player. Similar to gifting, Etsy is already known for being a great destination for personalized goods.
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