TRI Pointe Homes Inc (TPH)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,715,200 | 4,348,530 | 3,982,240 | 3,260,450 | 3,083,020 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,715,200K ÷ $—K
= —
The receivables turnover ratio measures how efficiently Tri Pointe Homes Inc. is collecting its accounts receivable during a specific period. A higher receivables turnover ratio indicates that the company is collecting its outstanding receivables more quickly.
Looking at the trend over the past five years, we observe a decreasing pattern in Tri Pointe Homes Inc.'s receivables turnover ratio. The ratio has declined from 44.50 in 2019 to 16.54 in 2023. This suggests a potential deterioration in the company's ability to collect its outstanding receivables efficiently.
The decrease in the receivables turnover ratio may be attributed to various factors such as changes in customer payment patterns, credit policies, or the company's collection processes. It is essential for Tri Pointe Homes Inc. to investigate the reasons behind this declining trend to ensure effective management of its accounts receivable and overall financial health.
Overall, the decreasing trend in Tri Pointe Homes Inc.'s receivables turnover ratio warrants further analysis and attention to improve the efficiency of its accounts receivable management in the future.
Peer comparison
Dec 31, 2023