Toll Brothers Inc (TOL)

Receivables turnover

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Revenue (ttm)	US$ in thousands	10,162,620	9,994,940	10,686,920	10,494,080	10,264,640	10,275,550	9,604,800	9,365,480	9,018,060	8,790,360	8,292,210	7,688,220	7,320,140	7,088,190	6,946,910	7,061,110	7,216,310	7,260,250	7,247,800	7,408,590
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

January 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $10,162,620K ÷ $—K
= —

The receivables turnover ratio for Toll Brothers Inc. has shown significant fluctuation over the past eight quarters. In Q1 2024, the ratio spiked to 138.70, indicating that the company collected its accounts receivables approximately 138 times during the quarter. This sharp increase from the previous quarter's ratio of 40.54 suggests a rapid turnaround in collecting outstanding receivables.

Comparing the current ratio to the same quarter in the previous year (Q1 2023 - 56.90), there has been a substantial improvement in the efficiency of collecting receivables. However, it is important to note that Q1 figures can be influenced by seasonality and may not be fully indicative of overall performance.

Looking at the historical trend, Q3 2023 had a high turnover ratio of 132.89, indicating a similar strong performance in collecting receivables. The ratios in Q2 and Q4 of 2023 also showed improvement compared to the ratios in the second half of 2022.

Overall, the varying receivables turnover ratios suggest fluctuations in the company's collection efficiency. It would be advisable to analyze the underlying reasons for these fluctuations to assess the effectiveness of Toll Brothers Inc. in managing its accounts receivables.