Dream Finders Homes Inc (DFH)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,011,810 | 2,722,140 | 1,610,330 |
| Payables | US$ in thousands | — | — | — |
| Payables turnover | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $3,011,810K ÷ $—K
= —
To analyze Dream Finders Homes Inc's payables turnover, we need to calculate the ratio for each year using the formula:
Payables Turnover = Cost of Goods Sold / Average Accounts Payable
We are given the Cost of Goods Sold data, but we need Accounts Payable values for 2023, 2022, and 2021 to compute the payables turnover ratio. Without that information provided in the table, we cannot calculate the payables turnover for these years.
Payables turnover measures how efficiently a company manages its payments to suppliers. A higher turnover indicates that the company is paying its suppliers more frequently, which can have implications for cash flow management and relationships with suppliers. Conversely, a lower turnover may suggest that a company is taking longer to pay its bills.
Without the specific data for Accounts Payable, we are unable to determine Dream Finders Homes Inc's payables turnover and provide a detailed analysis of this financial ratio for the specified years.
Peer comparison
Dec 31, 2023