Century Communities Inc (CCS)
Payables 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 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $449,188K ÷ $—K
= —
Century Communities Inc's payables turnover ratio has shown some fluctuations over the past eight quarters. The ratio decreased from Q4 2022 to Q1 2023 but then increased in Q2 2023 before dropping again in Q3 2023. However, in Q4 2023, the payables turnover ratio rebounded significantly.
Overall, the company's ability to manage its payables turnover has been relatively stable, with the ratio staying mostly within the range of 17.99 to 35.14 over the past two years. A higher payables turnover ratio indicates that the company is paying off its suppliers more frequently, which can be a positive sign of efficient cash management. However, it's essential to consider industry norms and compare the ratio with competitors to contextualize the findings.
Peer comparison
Dec 31, 2023