Taylor Morn Home (TMHC)

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	5,634,760	5,999,310	6,192,180	6,084,840	6,132,550	6,193,380	6,182,980	6,120,020	5,953,390	5,265,160	5,188,600	5,080,530	5,085,100	5,079,420	4,583,711	4,332,851	3,937,963	3,919,203	3,862,552	3,633,019
Payables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

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

Based on the data provided, Taylor Morrison Home Corp.'s payables turnover has been relatively consistent over the past eight quarters, ranging from a low of 21.22 to a high of 27.16. The payables turnover ratio measures how efficiently a company is managing its accounts payable by comparing the cost of goods sold to its average accounts payable balance during a specific period.

The consistent and relatively high payables turnover ratios indicate that Taylor Morrison Home Corp. is effectively managing its accounts payable by paying off its suppliers quickly. A high payables turnover ratio signifies that the company is efficiently using its cash flow to settle its accounts payable obligations, potentially taking advantage of any available discounts for early payments.

This consistent performance in managing accounts payable demonstrates that Taylor Morrison Home Corp. has a strong supplier relationship and effective cash management practices. However, it is essential to continue monitoring this ratio over time to ensure that the company's payment practices remain sustainable and in alignment with its overall financial strategy.