DR Horton Inc (DHI)
Receivables turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 35,460,400 | 33,480,000 | 27,774,200 | 20,311,100 | 17,592,900 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
September 30, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $35,460,400K ÷ $—K
= —
To analyze D.R. Horton Inc.'s receivables turnover, we can observe a consistent upward trend from 2019 to 2023. The receivables turnover ratio measures how efficiently a company collects outstanding receivables. D.R. Horton's increasing turnover ratio indicates a more effective collection process, demonstrating improved efficiency in converting credit sales into cash. This trend reflects positively on the company's financial management and indicates a potential reduction in the average time it takes to collect outstanding receivables. It suggests that D.R. Horton has been efficient in managing its accounts receivable, potentially improving its cash flow and overall working capital management.
Peer comparison
Sep 30, 2023