Century Communities Inc (CCS)
Payables 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 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $449,188K ÷ $—K
= —
The payables turnover ratio for Century Communities Inc has fluctuated over the past five years. In 2023, the payables turnover ratio was 19.62, indicating that the company converted its accounts payable into cash approximately 19.62 times during the year.
Compared to the previous year, there was a significant decrease in the payables turnover ratio from 31.52 in 2022 to 19.62 in 2023. This implies that the company took longer to pay off its accounts payable in 2023 compared to 2022.
Looking at the trend over the past five years, the payables turnover ratio has shown variability, with the highest ratio of 37.41 in 2021 and the lowest ratio of 19.62 in 2023. This variability suggests that the company's payment practices and efficiency in managing accounts payable have fluctuated over the years.
Further analysis would be needed to understand the reasons behind the fluctuations in the payables turnover ratio and to assess the effectiveness of the company's management of its accounts payable.
Peer comparison
Dec 31, 2023