LGI Homes (LTS:0JSI) Change In Receivables : $-5 Mil (TTM As of Mar. 2024)

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What is LGI Homes Change In Receivables?

LGI Homes's change in receivables for the quarter that ended in Mar. 2024 was $14 Mil. It means LGI Homes's Accounts Receivable declined by $14 Mil from Dec. 2023 to Mar. 2024 .

LGI Homes's change in receivables for the fiscal year that ended in Dec. 2023 was $-16 Mil. It means LGI Homes's Accounts Receivable increased by $16 Mil from Dec. 2022 to Dec. 2023 .

LGI Homes's Accounts Receivable for the quarter that ended in Mar. 2024 was $27 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. LGI Homes's Days Sales Outstanding for the three months ended in Mar. 2024 was 6.34.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. LGI Homes's liquidation value for the three months ended in Mar. 2024 was $30 Mil.

LGI Homes Change In Receivables Historical Data

The historical data trend for LGI Homes's Change In Receivables 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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LGI Homes Change In Receivables Chart

LGI Homes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-13.55

-59.55

58.03

32.77

-16.18

LGI Homes Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															3.27	-26.30	12.51	-5.67	14.17

LGI Homes Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5 Mil.

LGI Homes (LTS:0JSI) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

LGI Homes's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	27.151	/	390.851	*	91
=	6.34

2. In Ben Graham's calculation of liquidation value, LGI Homes's accounts receivable are only considered to be worth 75% of book value:

LGI Homes's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	48.996	-	1653.683	+	0.75 * 27.151	+	0.5 * 3229.1
=	30

LGI Homes Change In Receivables Related Terms

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LGI Homes (LTS:0JSI) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » LGI Homes Inc (LTS:0JSI) » Definitions » Change In Receivables

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LGIH:USA LG1:Germany

Address

1450 Lake Robbins Drive, Suite 430, The Woodlands, TX, USA, 77380

Website

https://www.lgihomes.com

LGI Homes Inc is engaged in the design, construction, and sale of new homes in markets. The company current product offerings include entry-level homes, including both detached homes and townhomes, and move-up homes sold, which are sold under LGI Homes brand, and luxury series homes, which are sold under the Terrata Homes brand. It offers a set number of floor plans in each community with features that include upgrades, such as granite countertops, appliances, and ceramic tile flooring.

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