Hovnanian Enterprises (Hovnanian Enterprises) Days Payable

: 73.60 (As of Jan. 2024)

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Hovnanian Enterprises's average Accounts Payable for the three months ended in Jan. 2024 was $388 Mil. Hovnanian Enterprises's Cost of Goods Sold for the three months ended in Jan. 2024 was $481 Mil. Hence, Hovnanian Enterprises's Days Payable for the three months ended in Jan. 2024 was 73.60.

The historical rank and industry rank for Hovnanian Enterprises's Days Payable or its related term are showing as below:

HOV' s Days Payable Range Over the Past 10 Years
Min: 23.31 Med: 27.49 Max: 71.75
Current: 60.77

During the past 13 years, Hovnanian Enterprises's highest Days Payable was 71.75. The lowest was 23.31. And the median was 27.49.

HOV's Days Payable is ranked better than
64% of 100 companies
in the Homebuilding & Construction industry
Industry Median: 40.65 vs HOV: 60.77

Hovnanian Enterprises's Days Payable declined from Jan. 2023 (84.67) to Jan. 2024 (73.60). It may suggest that Hovnanian Enterprises accelerated paying its suppliers.

Hovnanian Enterprises Days Payable Historical Data

The historical data trend for Hovnanian Enterprises's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hovnanian Enterprises Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Payable

28.62

26.86

46.80

69.38

71.75

Hovnanian Enterprises Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable																84.67	56.45	67.35	53.96	73.60

Competitive Comparison

For the Residential Construction subindustry, Hovnanian Enterprises's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hovnanian Enterprises Days Payable Distribution

For the Homebuilding & Construction industry and Consumer Cyclical sector, Hovnanian Enterprises's Days Payable distribution charts can be found below:

* The bar in red indicates where Hovnanian Enterprises's Days Payable falls into.

Hovnanian Enterprises Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Hovnanian Enterprises's Days Payable for the fiscal year that ended in Oct. 2023 is calculated as

	Days Payable (A: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2022 )	+	Accounts Payable (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (439.952	+	415.48)	/	2 )	/	2175.879	*	365
=	427.716					/	2175.879	*	365
=	71.75

Hovnanian Enterprises's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (415.48	+	360.207)	/	2 )	/	480.884	*	365 / 4
=	387.8435					/	480.884	*	365 / 4
=	73.60

Hovnanian Enterprises Days Payable Related Terms

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Hovnanian Enterprises (Hovnanian Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Hovnanian Enterprises Inc (NYSE:HOV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HOVNP.PFD:USA HO3A:Germany

Address

90 Matawan Road, Fifth Floor, Matawan, NJ, USA, 07747

Website

https://www.khov.com

Hovnanian Enterprises Inc conducts all of its homebuilding and financial services operations . The company designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. It has two distinct operations: homebuilding and financial services. Its homebuilding operations are divided geographically into three segments; Northeast which includes Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and West Virginia; Southeast which includes Florida, Georgia and South Carolina; and West which includes Arizona, California and Texas. The firm generates maximum revenue from West Segment.

Executives

Vincent Jr Pagano	director	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Ara K Hovnanian	director, 10 percent owner, officer: Chairman of Bd., Pres. & CEO	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Edward A Kangas	director	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
J Larry Sorsby	director, officer: Exec. VP and CFO	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Miriam Hernandez-kakol	director	90 MATAWAN ROAD, 5TH FLOOR, MATAWAN NJ 07747
Park West Asset Management Llc	10 percent owner	1 LETTERMAN DRIVE, SUITE C5-900, SAN FRANCISCO CA 94129
Hovnanian Family 2012 L.l.c.	10 percent owner	C/O ARA K. HOVNANIAN, 110 WEST FRONT STREET, P.O. BOX 500, RED BANK NJ 07701
Robin Stone Sellers	director	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Lucian T. Smith	officer: Chief Operating Officer	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Executors Of The Estate Of Kevork S. Hovnanian, Deceased	10 percent owner	425 LEXINGTON AVENUE, NEW YORK NY 10017
Thomas J. Pellerito	officer: Chief Operating Officer	110 WEST FRONT STREET, RED BANK NJ 07701
Joseph A Marengi	director	C/O DELL INC., ONE DELL WAY, ROUND ROCK TX 78682-2244
Brad G O'connor	officer: VP & Chief Accounting Officer	90 MATAWAN ROAD, FIFTH FLOOR, MATAWAN NJ 07747
Paul W Buchanan	officer: SVP Corporate Controller	10 HIGHWAY 35, P O BOX 500, RED BANK NJ 07701
Peter S Reinhart	officer: Sr. VP/General Counsel	10 HIGHWAY 35, P O BOX 500, RED BANK NJ 07701