KB Home (KBH)

Receivables turnover

		Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019	May 31, 2019
Revenue (ttm)	US$ in thousands	6,494,090	6,410,630	6,676,670	6,934,560	6,889,300	6,903,780	6,638,950	6,261,150	5,981,980	5,724,930	5,243,990	4,775,903	4,248,983	4,183,183	4,547,603	4,709,380	4,817,210	4,552,753	4,342,683	4,407,243
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	43,300	43,300	44,304	—	—	—
Receivables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	105.03	108.76	108.73	—	—	—

February 29, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,494,090K ÷ $—K
= —

The receivables turnover ratio for KB Home has been steadily increasing over the periods reported, with values of 105.03, 108.76, and 108.73 for the respective reporting dates. This indicates that the company is collecting its accounts receivable more efficiently, as a higher turnover ratio suggests that customers are paying their debts more quickly. However, without additional context or benchmark comparison, it is difficult to assess the effectiveness of KB Home's credit and collection policies solely based on this information.