TRI Pointe Homes Inc (TPH)
Number of days of payables
| 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 | ||
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| 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. has shown fluctuations in its number of days of payables over the last eight quarters. In Q4 2023, the company had 8.30 days of payables, representing an increase from the previous quarter. The trend over the past year indicates that the number of days of payables has generally been lower compared to the same quarter in the previous year.
It is worth noting that Q2 2022 had the highest number of days of payables at 14.05 days, while Q1 2023 had the lowest at 6.52 days. This variability suggests that Tri Pointe Homes Inc. has been managing its payables differently each quarter, potentially impacting its working capital management and relationships with suppliers.
Overall, a lower number of days of payables indicates that the company is paying its suppliers more quickly, which can be beneficial for maintaining good relationships but may also impact cash flow. Conversely, a higher number of days of payables may suggest that the company is taking longer to settle its obligations, potentially signaling liquidity issues or strategic management of cash resources. Tracking this metric over time can provide insights into Tri Pointe Homes Inc.'s financial performance and working capital management practices.
Peer comparison
Dec 31, 2023