Century Communities Inc (CCS)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	449,188	440,891	389,651	343,882	307,508
Inventory	US$ in thousands	3,016,640	2,830,640	2,456,610	12,000	1,995,550
Inventory turnover		0.15	0.16	0.16	28.66	0.15

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $449,188K ÷ $3,016,640K
= 0.15

Century Communities Inc's inventory turnover ratio has shown some fluctuation over the past five years. The ratio decreased from 1.04 in 2019 to 0.96 in 2020, indicating a longer period to sell through its inventory in 2020. It then slightly increased in 2021 to 1.29 before reaching its peak of 1.32 in 2022, reflecting an improvement in inventory management efficiency. However, the ratio declined in 2023 to 0.96, suggesting a slower inventory turnover compared to the previous year. Overall, the trend in inventory turnover indicates some variability in the company's ability to efficiently manage its inventory levels and convert them into sales over the years.