LGI Homes (LGIH)

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	2,358,580	2,238,428	2,167,963	2,245,762	2,304,455	2,617,269	2,821,803	2,890,246	3,050,149	3,146,471	2,929,065	2,619,155	2,367,929	2,076,180	2,025,059	2,005,287	1,838,154	1,657,665	1,554,953	1,512,970
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,358,580K ÷ $—K
= —

The receivables turnover ratio for LGI Homes Inc has fluctuated over the past eight quarters, ranging from 45.01 to 102.69. A higher receivables turnover ratio indicates that the company is efficiently collecting payments from its customers.

In Q1 2023, the receivables turnover ratio was significantly high at 102.69, which suggests that LGI Homes Inc collected payments from its customers more than 100 times during that quarter. This could indicate effective credit policies, prompt invoicing, or a strong customer base that pays on time.

Conversely, in Q2 2023, the receivables turnover ratio decreased to 45.01, indicating a slowdown in collecting payments compared to the previous quarter. This might signal potential issues with collecting outstanding balances or delays in customer payments.

Overall, fluctuations in the receivables turnover ratio for LGI Homes Inc should be further analyzed to understand the underlying reasons behind the changes and assess the company's effectiveness in managing its accounts receivable.