Taylor Morn Home (TMHC)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	7,417,830	8,224,920	7,501,260	6,129,320	4,762,060
Receivables	US$ in thousands	—	—	—	—	—
Receivables turnover		—	—	—	—	—

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $7,417,830K ÷ $—K
= —

Taylor Morrison Home Corp.'s receivables turnover has shown a declining trend over the last five years. The ratio decreased from 67.60 in 2019 to 40.20 in 2023. This decrease indicates that the company is taking longer to collect payments from its customers. A lower receivables turnover may suggest issues with credit policies, collection efficiency, or a decrease in sales. It is crucial for the company to monitor and improve its receivables turnover to ensure efficient cash flow management and timely collection of receivables.