Taylor Morn Home (TMHC)

Payables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	5,634,760	6,132,550	5,953,380	5,085,100	3,937,970
Payables	US$ in thousands	—	—	—	—	—
Payables turnover		—	—	—	—	—

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $5,634,760K ÷ $—K
= —

The payables turnover ratio for Taylor Morrison Home Corp. has shown a decreasing trend over the past five years. The ratio was 21.39 in 2023, compared to 22.73 in 2022, 23.50 in 2021, 23.65 in 2020, and 23.93 in 2019.

A decreasing payables turnover ratio may indicate that the company is taking longer to pay its suppliers, which could signal a deteriorating relationship with vendors or potential liquidity issues. This trend needs to be monitored closely to assess the efficiency of the company's payables management and its ability to meet its short-term obligations.