NVR Inc (NVR)
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 | 56,036 | 21,148 | 30,539 | 29,555 | 28,478 | 28,778 | 27,227 | 26,581 | 26,036 | 36,537 | 36,193 | 36,060 | 36,217 | 3,694 | 4,632 | 4,817 | 4,200 | 29,332 | 43,964 | 54,151 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $56,036K ÷ $—K
= —
The payables turnover ratio for NVR Inc. has fluctuated over the past eight quarters, ranging from a low of 16.85 in Q2 2022 to a high of 22.94 in Q4 2022. The average payables turnover ratio for this period is approximately 19.69.
A higher payables turnover ratio indicates that the company is paying its suppliers more frequently, which can be a favorable sign as it may suggest efficient management of accounts payable. Conversely, a lower payables turnover ratio may signal that the company is taking longer to pay its suppliers, which could potentially strain relationships with vendors.
Overall, NVR Inc. has shown a relatively consistent payables turnover ratio over the past two years, with some fluctuations quarter to quarter. Further analysis would be required in conjunction with other financial ratios and information to fully assess the company's management of payables and liquidity position.
Peer comparison
Dec 31, 2023