Century Communities Inc (CCS)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,692,180 | 4,505,920 | 4,216,310 | 3,161,190 | 2,535,910 |
| Receivables | US$ in thousands | — | 494,884 | 494,117 | 2,434 | 2,602 |
| Receivables turnover | — | 9.11 | 8.53 | 1,298.76 | 974.60 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,692,180K ÷ $—K
= —
The receivables turnover ratio measures how efficiently a company collects payments from its customers. A higher receivables turnover ratio indicates that the company is collecting payments more quickly.
Century Communities Inc's receivables turnover has fluctuated over the past five years. In 2023, the receivables turnover was 48.45, a decrease from the previous year. This decline may suggest that the company took longer to collect payments from its customers in 2023 compared to 2022.
Comparing the most recent figure to the data from earlier years, it is evident that in 2023, Century Communities Inc took longer to collect payments compared to 2021 and 2020, but performed better than in 2019. The significant drop in receivables turnover from 2022 to 2023 may warrant further investigation into the company's credit policies, collection procedures, or changes in customer payment behavior.
Peer comparison
Dec 31, 2023