TRI Pointe Homes Inc (TPH)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,715,206 | 3,978,306 | 4,211,590 | 4,391,951 | 4,348,534 | 4,035,744 | 3,997,134 | 3,997,504 | 3,982,226 | 3,833,046 | 3,632,320 | 3,384,366 | 3,260,450 | 3,340,890 | 3,256,821 | 3,185,429 | 3,083,011 | 3,074,441 | 3,101,117 | 3,173,706 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,715,206K ÷ $—K
= —
Tri Pointe Homes Inc.'s receivables turnover has experienced fluctuations over the past eight quarters. In Q2 and Q3 of 2023, the company achieved high receivables turnover ratios of 35.96 and 33.32, respectively, indicating that it collected its outstanding receivables approximately 36 and 33 times during those periods. This suggests efficient management of accounts receivable and a relatively quick conversion of credit sales into cash.
In comparison, Q4 of 2023 saw a decrease in receivables turnover to 16.54, which could be attributed to potential changes in the company's credit policy, collection efficiency, or business environment. Despite this decline, Tri Pointe Homes Inc. maintained a favorable receivables turnover ratio in Q1 of 2023 at 31.13, further emphasizing its ability to efficiently collect outstanding receivables.
Analyzing the trend, the company demonstrated a consistent performance in managing receivables over the eight quarters provided. Although there were fluctuations in the ratios, Tri Pointe Homes Inc. generally maintained above-average turnover ratios, indicating effective credit and collection practices. Overall, the company's receivables turnover performance reflects sound financial management and efficient liquidity management.
Peer comparison
Dec 31, 2023