PulteGroup Inc (PHM)

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	-1,091,340	7,261,702	4,462,222	1,567,857	1,555,230	1,463,512	1,413,857	1,334,471	1,275,954	1,215,462	1,165,877	1,101,394	1,125,321	1,097,968	1,119,752	1,171,917	1,129,689	1,314,575	1,279,031	3,176,680
Payables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $-1,091,340K ÷ $—K
= —

PulteGroup Inc's payables turnover has exhibited fluctuations over the past eight quarters. The payables turnover ratio measures how efficiently a company pays its suppliers. A higher turnover ratio typically indicates that the company is paying its suppliers more quickly.

From the data provided, we observe that the payables turnover ratio ranged from a low of 14.20 in Q2 2022 to a high of 23.90 in Q1 2023. This variability may indicate changes in the company's payment practices or supplier agreements during this period.

It is noteworthy that the payables turnover ratio increased consistently from Q2 2022 to Q1 2023, peaking at 23.90 in Q1 2023. This trend suggests that PulteGroup Inc may have been more efficient in managing its accounts payable during this period.

Overall, the analysis of the payables turnover ratio for PulteGroup Inc shows that the company has demonstrated varying levels of efficiency in paying its suppliers over the past eight quarters. Investors and stakeholders may consider monitoring this ratio to assess the company's liquidity management and operational efficiency.