TRI Pointe Homes Inc (TPH)

Payables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	55,876	396,256	419,815	2,529,730	2,472,850
Payables	US$ in thousands	—	—	—	—	—
Payables turnover		—	—	—	—	—

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $55,876K ÷ $—K
= —

The payables turnover ratio measures how many times a company pays off its suppliers during a specific period. A higher payables turnover ratio indicates that the company is paying its suppliers more frequently.

In the case of Tri Pointe Homes Inc., the payables turnover ratio has fluctuated over the past five years, as follows:
- In 2023, the payables turnover ratio was 43.97, indicating that the company paid its suppliers approximately 44 times during the year.
- In 2022, the payables turnover ratio was 50.75, which was higher compared to 2023, suggesting that the company paid its suppliers more frequently.
- In 2021, the payables turnover ratio decreased to 35.16, indicating a decrease in how often the company paid its suppliers compared to the previous year.
- In 2020, the payables turnover ratio was 31.71, suggesting that the company paid its suppliers less frequently compared to 2021.
- In 2019, the payables turnover ratio increased to 37.36, showing an improvement in the frequency of payments made to suppliers compared to 2020.

Overall, the payables turnover ratio of Tri Pointe Homes Inc. has shown variability over the past five years, which may be due to changes in the company's payment policies, supplier relationships, or business operations. Further analysis and comparison with industry benchmarks could provide additional insights into the efficiency of the company's payables management.