TRI Pointe Homes Inc (TPH)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 1.09 | 1.01 | 0.93 | 0.88 | 0.86 | 0.89 | 0.99 | 1.03 | 1.00 | 0.82 | 0.85 | 0.91 | 0.98 | 0.92 | 0.90 | 0.86 | 0.87 | 0.87 | 0.85 | 0.79 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 1.07 | 1.12 | 1.11 | 0.93 | 0.95 | 1.04 | 1.11 | 1.17 | 1.17 | 1.06 | 1.09 | 1.12 | 1.21 | 1.17 | 1.04 | 0.98 | 1.04 | 1.07 | 0.95 | 0.97 |
The analysis of TRI Pointe Homes Inc's activity ratios reveals interesting trends over the reporting periods.
1. Inventory Turnover: The inventory turnover ratio indicates how efficiently the company is managing its inventory. TRI Pointe Homes Inc's inventory turnover has fluctuated over the years, ranging from a low of 0.79 to a high of 1.09. The general trend shows improvement in inventory turnover, suggesting better inventory management over time.
2. Receivables Turnover: Unfortunately, data on receivables turnover is unavailable for all the reporting periods. Without this information, it is challenging to assess how quickly the company is collecting on its credit sales.
3. Payables Turnover: Similar to receivables turnover, data on payables turnover is not provided for any of the periods. This ratio helps in understanding how quickly the company pays its suppliers, which could provide insights into its liquidity management.
4. Working Capital Turnover: The working capital turnover ratio measures how effectively the company is utilizing its working capital to generate sales. The trend in TRI Pointe Homes Inc's working capital turnover has fluctuated, indicating varying efficiency in capital utilization. The ratio ranges from 0.93 to 1.21, with some periods showing better performance in working capital utilization than others.
In conclusion, while the analysis of inventory turnover and working capital turnover ratios provides some insights into the operational efficiency of TRI Pointe Homes Inc, the lack of information on receivables turnover and payables turnover limits a comprehensive assessment of the company's overall activity performance.
Average number of days
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 334.54 | 360.90 | 392.70 | 415.35 | 422.81 | 408.96 | 367.05 | 353.27 | 363.40 | 443.78 | 431.84 | 402.82 | 372.89 | 397.21 | 406.65 | 422.57 | 419.45 | 417.19 | 431.84 | 461.89 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data for TRI Pointe Homes Inc, we can analyze the activity ratios as follows:
1. Days of Inventory on Hand (DOH):
- The Days of Inventory on Hand measures the average number of days it takes for a company to sell its inventory. A lower number indicates that the company is selling inventory more quickly.
- TRI Pointe Homes Inc's DOH fluctuated over the observed periods, ranging from a high of 461.89 days on March 31, 2020, to a low of 334.54 days on December 31, 2024.
- The trend shows some fluctuations in inventory management efficiency, but overall, there seems to be a slight improvement in managing inventory levels towards the end of the period.
2. Days of Sales Outstanding (DSO):
- The Days of Sales Outstanding ratio indicates how many days it takes for the company to collect payment after making a sale. A lower DSO is generally favorable.
- Unfortunately, the data provided for DSO is marked as "not available" for all the observed periods, indicating a lack of information to assess the company's accounts receivable management efficiency.
3. Number of Days of Payables:
- The Number of Days of Payables ratio reflects the average number of days a company takes to pay its suppliers. A longer payable period can indicate improved cash flow.
- Similar to DSO, the data for the Number of Days of Payables is also not available for all the periods, preventing an analysis to be made on the company's payables management practices.
In conclusion, based on the activity ratios available for TRI Pointe Homes Inc, there are some fluctuations in inventory management efficiency over time, but without data on DSO and payables, a comprehensive analysis of the company's overall operating cycle and efficiency is limited.
Long-term
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | 64.79 | 68.93 | 68.95 | 68.03 | 29.67 | 29.29 | 30.26 | 31.80 | 37.39 | 36.93 | 33.47 | 32.19 | 32.06 | 30.25 | 28.72 |
| Total asset turnover | 0.91 | 0.94 | 0.91 | 0.78 | 0.75 | 0.81 | 0.88 | 0.93 | 0.92 | 0.89 | 0.91 | 0.93 | 0.92 | 0.91 | 0.87 | 0.83 | 0.81 | 0.84 | 0.82 | 0.74 |
TRI Pointe Homes Inc's fixed asset turnover ratio has shown a fluctuating trend over the years, with significant increases from 2020 to 2023, peaking in the second half of 2023. This indicates the company's ability to generate revenue from its fixed assets, such as property, plant, and equipment, has improved over time.
On the other hand, the total asset turnover ratio has also varied but follows a more stable pattern compared to the fixed asset turnover ratio, reaching a peak in the third quarter of 2024. This ratio reflects how efficiently the company is utilizing all its assets to generate sales.
Overall, the fixed asset turnover ratio reveals TRI Pointe Homes Inc's effectiveness in utilizing its fixed assets to drive revenue growth, while the total asset turnover ratio gives an overview of the company's overall asset efficiency. Both ratios are crucial in assessing the company's operational performance and efficiency in utilizing its assets.