PulteGroup Inc (PHM)
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 | 16,211,570 | 17,278,700 | 17,170,230 | 16,861,230 | 16,435,110 | 15,472,220 | 15,056,210 | 14,535,940 | 14,116,210 | 12,760,680 | 12,236,590 | 11,470,890 | 11,036,080 | 10,860,630 | 10,616,030 | 10,511,230 | 10,212,940 | 10,195,180 | 10,134,190 | 10,214,930 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 6,200 | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1,647.25 | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $16,211,570K ÷ $—K
= —
The receivables turnover ratio for PulteGroup Inc in Q4 2023 was 68.02, indicating that the company collected its accounts receivables approximately 68 times during the quarter. This represents an improvement from Q4 2022 when the receivables turnover was 62.16. The increase in receivables turnover suggests that PulteGroup Inc has been more efficient in collecting payments from its customers, potentially reducing the risk of bad debts and improving its cash flow management. It is important to continue monitoring this ratio over time to ensure the company's receivables management remains effective and efficient.
Peer comparison
Dec 31, 2023