Century Communities Inc (CCS)

Receivables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	4,398,290	3,692,180	4,505,920	4,216,310	3,161,190
Receivables	US$ in thousands	—	—	494,884	494,117	2,434
Receivables turnover		—	—	9.11	8.53	1,298.76

December 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $4,398,290K ÷ $—K
= —

Based on the data provided for Century Communities Inc, the receivables turnover ratio has exhibited significant fluctuations over the years.

As of December 31, 2020, the receivables turnover ratio stood exceptionally high at 1,298.76, likely indicating that the company's receivables were turning over multiple times during the year, suggesting efficient collection practices or a relatively low level of receivables outstanding compared to sales.

In subsequent years, the receivables turnover ratio decreased substantially, reaching 8.53 by December 31, 2021, and further increasing to 9.11 by December 31, 2022. These figures suggest that the company's receivables turnover improved as the ratio increased, implying that the management may have implemented more effective credit policies or improved collection procedures.

However, the absence of data for December 31, 2023, and December 31, 2024, prevents a complete analysis of the receivables turnover trend for those years.

In conclusion, based on the available data, Century Communities Inc has experienced notable fluctuations in its receivables turnover ratio, signaling changes in its efficiency of collecting outstanding receivables over the specified period.