LGI Homes (LGIH)

Payables 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
Cost of revenue (ttm)	US$ in thousands	2,158,425	2,042,911	1,960,145	1,944,024	1,933,048	2,056,249	2,153,071	2,166,441	2,232,115	2,296,825	2,146,477	1,932,673	1,764,832	1,574,198	1,541,658	1,528,548	1,401,675	1,259,842	1,176,446	1,136,009
Payables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,158,425K ÷ $—K
= —

Based on the payables turnover data provided for LGI Homes Inc from Q1 2022 to Q4 2023, we can observe fluctuations in the efficiency of the company in managing its accounts payable.

The payables turnover ratio represents how many times a company pays off its accounts payable during a period. A higher turnover ratio indicates that the company is paying off its suppliers more frequently.

From the data, we can see that LGI Homes Inc experienced a significant decrease in payables turnover in Q3 2023 compared to the previous quarter, dropping from 65.56 to 25.83. This could suggest that the company took longer to pay off its suppliers during that period.

Subsequently, in Q4 2023, there was a notable increase in payables turnover to 57.45, indicating an improvement in the efficiency of managing accounts payable compared to the previous quarter. However, it is still lower than the turnover ratios seen in the earlier quarters of 2022.

Overall, LGI Homes Inc's payables turnover has shown variability over the quarters, with some periods demonstrating more efficient management of accounts payable compared to others. Further analysis and comparison with industry benchmarks may provide additional insights into the company's performance in this area.