LGI Homes (LGIH)
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 | ||
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| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
LGI Homes Inc's number of days of payables has exhibited fluctuations over the past eight quarters. In Q4 2023, the company had an average of 6.35 days to pay its accounts payable, which was notably lower compared to the previous quarter, Q3 2023, where the number of days of payables was 14.13 days. This suggests that LGI Homes Inc managed to settle its payables more efficiently in Q4 2023.
Looking further back, in Q1 2023, the number of days of payables was 8.79 days, indicating a moderate increase from the previous quarter. In Q4 2022 and Q2 2022, LGI Homes Inc also had relatively low days of payables at 5.57 days and 7.26 days, respectively.
However, the number of days of payables was higher in Q3 2022 at 10.84 days and reached its peak so far in Q3 2023 at 14.13 days. In contrast, Q1 2022 displayed the lowest number of days of payables at 3.81 days among the quarters analyzed.
Overall, LGI Homes Inc's number of days of payables has shown variability, with the company experiencing both shorter and longer periods to pay its liabilities over the quarters. It is essential for stakeholders to monitor these fluctuations to assess the company's cash flow management and supplier relationships effectively.
Peer comparison
Dec 31, 2023