Century Communities Inc (CCS)

Receivables 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
Revenue (ttm)	US$ in thousands	3,692,184	3,665,734	3,920,601	4,242,550	4,505,910	4,533,580	4,347,322	4,224,092	4,216,312	3,997,290	3,833,619	3,567,153	3,161,192	2,965,956	2,761,957	2,605,463	2,535,911	2,395,315	2,366,682	2,278,624
Receivables	US$ in thousands	—	—	—	—	494,884	—	—	494,310	494,117	—	2,380	2,407	2,434	2,460	2,486	2,571	2,602	2,632	2,672	2,700
Receivables turnover		—	—	—	—	9.10	—	—	8.55	8.53	—	1,610.76	1,481.99	1,298.76	1,205.67	1,111.00	1,013.40	974.60	910.07	885.73	843.93

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,692,184K ÷ $—K
= —

The receivables turnover for Century Communities Inc fluctuated over the past eight quarters, with values ranging from a low of 48.45 to a high of 108.06. The trend indicates that the company's ability to collect receivables from customers has varied significantly.

In Q4 2022, the receivables turnover was relatively high at 108.06, suggesting that the company was able to efficiently collect outstanding receivables during that period. Subsequently, in Q1 2023, the turnover decreased to 80.37 but then increased again in Q2 2023 to 65.35. However, the turnover improved in Q3 2023 to 68.04, but fell again in Q4 2023 to 48.45.

This variability in receivables turnover could indicate fluctuations in sales or changes in credit policies that affect the timing of receivables collections. A decreasing trend in receivables turnover may raise concerns about the company's liquidity and its ability to efficiently convert sales into cash. Further analysis and comparison with industry benchmarks would provide additional insights into the company's receivables management efficiency.