TRI Pointe Homes Inc (TPH)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Tri Pointe Homes Inc.'s number of days of payables has shown variability over the past five years. The company's ability to pay its creditors has generally improved from 2019 to 2022, with a significant decrease in the number of days of payables. This indicates that Tri Pointe Homes Inc. has been able to settle its obligations to suppliers and vendors more quickly during this period.
However, in 2023, there was a slight increase in the number of days of payables compared to the previous year, which suggests that the company may be taking slightly longer to pay its suppliers. This could be due to various reasons such as changes in payment terms or supplier relationships.
Overall, the trend in Tri Pointe Homes Inc.'s number of days of payables indicates that the company has been managing its payables effectively in recent years, although the slight increase in 2023 warrants further monitoring to understand the underlying factors impacting this metric.
Peer comparison
Dec 31, 2023