DR Horton Inc (DHI)

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	35,928,500	35,460,300	34,595,700	33,658,200	33,684,300	33,479,900	31,949,800	30,446,300	28,894,200	27,774,200	26,065,300	24,170,700	22,223,800	20,311,100	18,949,600	18,465,900	18,094,600	17,592,900	17,059,200	16,588,200
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $35,928,500K ÷ $—K
= —

The receivables turnover ratio of D.R. Horton Inc. has exhibited fluctuations over the past eight quarters. The ratio ranged from a low of 95.99 in the third quarter of 2022 to a high of 121.63 in the fourth quarter of 2023. Generally, the company's receivables turnover indicates that it collected its accounts receivable approximately 96 to 121 times during each period. An increasing trend in the receivables turnover ratio implies that the company is collecting its receivables more frequently, which is a positive sign of efficient management of accounts receivable. However, it is important to further investigate the reasons behind the fluctuations and to compare the ratio with industry benchmarks to gain a holistic understanding of D.R. Horton Inc.'s receivables management.