Taylor Morrison Home (Taylor Morrison Home) Days Payable : 16.02 (As of Dec. 2023)

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Taylor Morrison Home Days Payable Definition

Taylor Morrison Home's average Accounts Payable for the three months ended in Dec. 2023 was $268 Mil. Taylor Morrison Home's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,528 Mil. Hence, Taylor Morrison Home's Days Payable for the three months ended in Dec. 2023 was 16.02.

The historical rank and industry rank for Taylor Morrison Home's Days Payable or its related term are showing as below:

TMHC' s Days Payable Range Over the Past 10 Years
Min: 13.62 Med: 15.82 Max: 20.78
Current: 17.3

During the past 13 years, Taylor Morrison Home's highest Days Payable was 20.78. The lowest was 13.62. And the median was 15.82.

TMHC's Days Payable is ranked worse than
80% of 100 companies
in the Homebuilding & Construction industry
Industry Median: 40.65 vs TMHC: 17.30

Taylor Morrison Home's Days Payable increased from Dec. 2022 (12.87) to Dec. 2023 (16.02). It may suggest that Taylor Morrison Home delayed paying its suppliers.

Taylor Morrison Home Days Payable Historical Data

The historical data trend for Taylor Morrison Home'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.

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Taylor Morrison Home Days Payable Chart

Taylor Morrison Home Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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14.65

13.62

14.36

15.57

17.27

Taylor Morrison Home Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															12.87	18.71	15.48	19.70	16.02

Competitive Comparison of Taylor Morrison Home's Days Payable

For the Residential Construction subindustry, Taylor Morrison Home'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.

Taylor Morrison Home Days Payable Distribution

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

* The bar in red indicates where Taylor Morrison Home's Days Payable falls into.

Taylor Morrison Home 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.

Taylor Morrison Home's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (269.761	+	263.481)	/	2 )	/	5634.758	*	365
=	266.621					/	5634.758	*	365
=	17.27

Taylor Morrison Home's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (272.83	+	263.481)	/	2 )	/	1527.761	*	365 / 4
=	268.1555					/	1527.761	*	365 / 4
=	16.02

Taylor Morrison Home Days Payable Related Terms

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Taylor Morrison Home (Taylor Morrison Home) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Taylor Morrison Home Corp (NYSE:TMHC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

THM:Germany

Address

4900 N. Scottsdale Road, Suite 2000, Scottsdale, AZ, USA, 85251

Website

https://www.taylormorrison.com

Taylor Morrison Home is an American residential construction company that builds single-family homes and communities throughout California, Arizona, Texas, Illinois, Colorado, Florida, Georgia, and North Carolina. Taylor Morrison also reports via a mortgage operations segment that provides financing services for its homebuyers. It constructs various types of single-family homes, from entry-level to luxury move-up homes, as well as active adult communities. The majority of the company's revenue is derived from its construction projects, with the West and central operating regions leading the way.

Executives

William H Lyon	director	C/O TAYLOR MORRISON HOME CORP., 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Sheryl Palmer	officer: President and CEO	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Darrell Sherman	officer: EVP, CLO & Secretary	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Joseph Terracciano	officer: Chief Accounting Officer	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Curtis Vanhyfte	officer: Interim CFO	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Louis Steffens	officer: EVP and CFO	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
David C Merritt	director	CHARTER COMMUNICATIONS INC, 12405 POWERSCOURT DRIVE, ST LOUIS MO 63131
Denise Warren	director	209 REDWOOD SHORES PKWY, REDWOOD CITY CA 94065
C. David Cone	officer: Vice President and CFO	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Christopher J. Yip	director	301 COMMERCE STREET, FORT WORTH TX 76102
Gary H Hunt	director	C/O WILLIAM LYON HOMES, 4695 MACARTHUR COURT, 8TH FLOOR, NEWPORT BEACH CA 92660
Peter R. Lane	director	1500 SOLANA BOULEVARD, BUILDING 4, SUITE 4500, SOUTHLAKE TX 76092
Jeffry L. Flake	director	C/O 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Andi Owen	director	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Tpg Group Holdings (sbs) Advisors, Inc.	10 percent owner	C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102