Taylor Morn Home (TMHC)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| DSO | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
To analyze Taylor Morrison Home Corp.'s days of sales outstanding (DSO) trend, we looked at the DSO figures for the past eight quarters. The DSO measures the average number of days a company takes to collect revenue after making a sale, indicating its efficiency in collecting accounts receivable.
The DSO for Taylor Morrison Home Corp. has shown some fluctuation over the past two years. In Q4 2023, the DSO was 9.08 days, which increased from the previous quarter but remained relatively stable compared to Q4 2022 at 8.50 days. This suggests that the company took slightly longer to collect revenue in the most recent quarter.
Looking at the trend over the past eight quarters, we see variability in DSO figures, with some quarters showing lower values (e.g., Q2 2022 at 7.30 days) and others higher values (e.g., Q4 2023 at 9.08 days). Generally, a lower DSO is preferred as it indicates quicker collections and better cash flow management.
Overall, Taylor Morrison Home Corp. should monitor its DSO trend closely to ensure efficient collections and timely revenue recognition, which are crucial for maintaining liquidity and financial health. Any significant deviations from the trend should be investigated to address potential issues in accounts receivable management.
Peer comparison
Dec 31, 2023