TRI Pointe Homes Inc (TPH)
Payables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 140,243 | 241,853 | 334,680 | 403,740 | 396,256 | 420,133 | 418,753 | 419,254 | 419,815 | 1,083,934 | 1,632,595 | 2,138,043 | 2,529,729 | 2,613,062 | 2,544,499 | 2,522,940 | 2,472,853 | 2,481,138 | 2,512,284 | 2,537,522 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $140,243K ÷ $—K
= —
Tri Pointe Homes Inc.'s payables turnover has shown some fluctuation over the past eight quarters. The payables turnover ratio measures how efficiently a company is managing its accounts payables by evaluating how many times a company pays off its average accounts payable balance during a period.
In Q4 2023, the payables turnover ratio was 43.97, showing a decrease from the previous quarter. This could indicate that the company took longer to pay off its suppliers compared to Q3 2023. However, the ratio is still relatively high, suggesting that Tri Pointe Homes Inc. has been efficient in managing its accounts payable during that period.
Looking back over the past eight quarters, the payables turnover ratio has generally been on an upward trend, with occasional fluctuations. This indicates that the company has been improving its efficiency in managing its accounts payable over time. In particular, Q2 and Q4 of 2022 showed lower payables turnover ratios, suggesting that the company took longer to pay off its suppliers during those quarters.
Overall, a high payables turnover ratio indicates that Tri Pointe Homes Inc. is efficiently managing its accounts payable, while a decreasing ratio might warrant further investigation into the company's payables management practices.
Peer comparison
Dec 31, 2023