Taylor Morn Home (TMHC)
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 | 7,417,820 | 7,890,090 | 8,249,190 | 8,183,650 | 8,224,910 | 8,238,200 | 8,062,310 | 7,786,570 | 7,501,260 | 6,553,340 | 6,394,020 | 6,201,420 | 6,129,310 | 6,038,250 | 5,443,920 | 5,182,670 | 4,762,062 | 4,753,472 | 4,684,752 | 4,400,150 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,417,820K ÷ $—K
= —
Taylor Morrison Home Corp.'s receivables turnover has been relatively stable over the past eight quarters, ranging from a low of 38.45 in Q3 2022 to a high of 50.02 in Q1 2022. The receivables turnover ratio measures how efficiently the company is able to collect outstanding receivables during a specific period.
A higher turnover ratio indicates that Taylor Morrison Home Corp. is effectively managing its accounts receivable and collecting payments from customers in a timely manner. A lower turnover ratio may suggest issues with collections or credit policies. In this case, the company generally demonstrates strong efficiency in collecting receivables, with ratios consistently above 40 over the analyzed period.
Overall, Taylor Morrison Home Corp.'s receivables turnover appears solid, reflecting a consistent ability to convert credit sales into cash.
Peer comparison
Dec 31, 2023