PulteGroup Inc (PHM)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,211,600 | 16,435,100 | 14,116,200 | 11,036,100 | 10,213,000 |
| Receivables | US$ in thousands | — | — | — | — | 6,200 |
| Receivables turnover | — | — | — | — | 1,647.26 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $16,211,600K ÷ $—K
= —
The receivables turnover for PulteGroup Inc has shown a consistent increasing trend over the past five years, from 40.78 in 2019 to 68.02 in 2023. This indicates that the company has been able to collect its accounts receivable more efficiently each year, demonstrating an improvement in its credit and collections management. A higher receivables turnover ratio signifies that the company is collecting its outstanding receivables more quickly, which is a positive signal of liquidity and operational efficiency. Overall, the increasing trend in receivables turnover is a positive indicator for PulteGroup Inc's financial performance and management of receivables.
Peer comparison
Dec 31, 2023