Century Communities Inc (CCS)
Number of days of payables
| 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 | ||
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| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Century Communities Inc's number of days of payables has shown some fluctuations over the past eight quarters. In Q4 2023, the number of days of payables was 18.60 days, demonstrating an increase from the previous quarter's 20.29 days. This suggests that the company took longer to pay its creditors in Q4 2023 compared to Q3 2023.
Looking further back, Q3 2023 had seen a significant increase from Q2 2023, where the number of days of payables was 17.32 days. This indicates a trend of extending the time taken by Century Communities Inc to pay its suppliers or creditors during that period.
Comparing year-over-year performance, Q4 2023 had a higher number of days of payables compared to Q4 2022, which had 11.58 days. This suggests that in Q4 2023, Century Communities Inc took longer to settle its payables compared to the same quarter in the previous year.
It is important for the company to monitor this ratio closely to ensure efficient management of its working capital and vendor relationships. A high number of days of payables may indicate cash flow issues or strained vendor relationships, while a consistently low number may signal potential missed opportunities for utilizing supplier credit effectively.
Peer comparison
Dec 31, 2023