DR Horton Inc (DHI)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
To analyze D.R. Horton Inc.'s number of days of payables, we can calculate the average number of days of payables over the past eight quarters. The average number of days of payables is 20.13 days, calculated as the sum of the number of days of payables for each quarter divided by eight.
The trend indicates that the number of days of payables has fluctuated over the quarters, with a general decrease from 25.10 days in the second quarter of 2022 to 17.33 days in the fourth quarter of 2023. This trend suggests that the company is managing its accounts payable efficiently. A decrease in the number of days of payables indicates that the company is taking fewer days to pay its bills, which could be a positive sign of effective working capital management, stronger supplier relationships, and potential negotiation power with suppliers.
However, it is essential to note that a very low number of days of payables could also indicate a risk of overextending payments and potential cash flow challenges. Therefore, further analysis in conjunction with other financial metrics is advisable to assess the overall financial health and liquidity of the company.
Peer comparison
Dec 31, 2023