Century Communities Inc (CCS)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	449,188	434,758	433,527	437,565	440,891	429,133	408,600	399,139	389,651	378,062	373,714	361,633	343,882	338,343	325,371	312,972	307,508	292,080	290,879	718,083
Inventory	US$ in thousands	3,016,640	3,058,320	2,856,390	2,741,190	2,830,640	3,107,730	3,002,340	2,680,200	2,456,610	2,162,680	1,948,770	1,853,200	12,000	1,872,340	1,898,500	2,300	1,995,550	2,093,490	2,009,770	1,943,790
Inventory turnover		0.15	0.14	0.15	0.16	0.16	0.14	0.14	0.15	0.16	0.17	0.19	0.20	28.66	0.18	0.17	136.07	0.15	0.14	0.14	0.37

December 31, 2023 calculation

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

The inventory turnover ratio for Century Communities Inc has been relatively stable over the past eight quarters, ranging between 0.95 and 1.19. A higher inventory turnover ratio indicates that the company is selling its inventory more efficiently.

In Q1 2023, there was a decrease in inventory turnover to 1.19 compared to the previous quarter, suggesting that the company was more efficient in selling its inventory during this period. However, in the following quarters, the inventory turnover decreased, hitting its lowest point in Q4 2023 at 0.96. This decline may indicate that the company was holding onto inventory for a longer period or experiencing difficulties in selling its products.

Overall, Century Communities Inc's inventory turnover appears to fluctuate within a relatively narrow range. It is important for the company to closely monitor its inventory management practices to ensure optimal efficiency and profitability.