PulteGroup Inc (PHM)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,479,700 | 1,585,450 | 1,303,260 | 1,138,320 | 1,152,540 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,479,700K ÷ $—K
= —
The payables turnover ratio for PulteGroup Inc has exhibited some fluctuations over the past five years. From Dec 31, 2019 to 2020, there was a slight decrease from 20.35 to 16.15, indicating a longer period taken to pay the company's suppliers. However, this was followed by an increase in 2021 to 16.33, which suggests an improvement in the efficiency of managing payables.
The most significant change occurred in 2022 when the payables turnover ratio surged to 20.13, showcasing a notable enhancement in paying off the company's obligations to its suppliers more frequently within a year. There was a slight decline in the ratio in 2023 to 18.32, which could signal a slightly longer period taken to settle payables compared to the previous year.
Overall, the trend in PulteGroup Inc's payables turnover indicates varying levels of effectiveness in managing its accounts payable over the past five years, with the highest efficiency observed in 2022.
Peer comparison
Dec 31, 2023