Century Communities (Century Communities) Inventory Turnover : 0.24 (As of Mar. 2024)

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What is Century Communities Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Century Communities's Cost of Goods Sold for the three months ended in Mar. 2024 was $740 Mil. Century Communities's Average Total Inventories for the quarter that ended in Mar. 2024 was $3,062 Mil. Century Communities's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Century Communities's Days Inventory for the three months ended in Mar. 2024 was 377.32.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Century Communities's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.23.

Century Communities Inventory Turnover Historical Data

The historical data trend for Century Communities's Inventory Turnover 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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Century Communities Inventory Turnover Chart

Century Communities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.08

1.30

1.44

1.27

0.99

Century Communities Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.22	0.24	0.22	0.31	0.24

Century Communities Inventory Turnover Calculation

Century Communities's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	2889.243	/ (	(2830.645	+	3016.641)	/	2 )
=	2889.243	/	2923.643
=	0.99

Century Communities's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	740.484	/ (	(3016.641	+	3107.133)	/	2 )
=	740.484	/	3061.887
=	0.24

Century Communities (NYSE:CCS) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Century Communities's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	3061.887	/	740.484	*	365 / 4
	=	377.32

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Century Communities's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	3061.887	/	948.543
	=	3.23

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Century Communities Inventory Turnover Related Terms

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Century Communities (Century Communities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Century Communities Inc (NYSE:CCS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CCT:Germany

Address

8390 East Crescent Parkway, Suite 650, Greenwood Village, CO, USA, 80111

Website

https://www.centurycommunities.com

Century Communities Inc is a construction company that focuses on the residential market. It has five homebuilding segments: West, Mountain, Texas, Southeast, and Century Complete. Its sixth reportable segment is financial services operations, which provides mortgage, title, and insurance services to homebuyers. It has acquired land for homebuilding operations with the primary intent to develop and construct single-family detached or attached homes for sale on the acquired land. The company sells homes through its own sales representatives and independent real estate brokers. It also advertises directly to potential homebuyers through the Internet, newspapers, and trade publications. The company generates the most revenue from the Mountain segment.

Executives

Elisa Z Ramirez	director	1225 17TH STREET, SUITE 2600, DENVER CO 80202
David L Messenger	officer: Chief Financial Officer
John Scott Dixon	officer: Chief Accounting Officer	CENTURY COMMUNITIES, INC., 8390 E. CRESCENT PARKWAY, STE. 650, GREENWOOD VILLAGE CO 80111
Dale Francescon	director, 10 percent owner, officer: See Remarks	8390 EAST CRESCENT PARKWAY, SUITE 650, GREENWOOD VILLAGE CO 80111
Robert J Francescon	director, 10 percent owner, officer: See Remarks	8390 EAST CRESCENT PARKWAY, SUITE 650, GREENWOOD VILLAGE CO 80111
Patricia L. Arvielo	director	8390 EAST CRESCENT PARKWAY, SUITE 650, GREENWOOD VILLAGE CO 80111
Bennett Wesley Allen Arthur	other: General Counsel	C/O CENTURY COMMUNITIES, INC., 8390 EAST CRESCENT PARKWAY, SUITE 650, GREENWOOD VILLAGE CO 80111
Dustin L. Bogue	other: Regional President - West	UCP, INC., 99 ALMADEN BOULEVARD, SUITE 400, SAN JOSE CA 95113
Stewart Hugh Parker	other: Regional President	C/O CENTURY COMMUNITIES, INC., 8390 EAST CRESCENT PARKWAY, SUITE 650, GREENWOOD VILLAGE CO 80111
Richard A Carruthers	other: Regional President	C/O CENTURY COMMUNITIES, INC., 8390 EAST CRESCENT PARKWAY, SUITE 650, GREENWOOD VILLAGE CO 80111
Liesel W Cooper	other: Regional President	C/O CENTURY COMMUNITIES, INC., 8390 EAST CRESCENT PARKWAY, SUITE 650, GREENWOOD VILLAGE CO 80111
Keith R Guericke	director	C/O ESSEX PROPERTY TRUST, 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
John P Box	director	8390 EAST CRESCENT PARKWAY, SUITE 650, GREENWOOD VILLAGE CO 80111
James A Lippman	director	8390 EAST CRESCENT PARKWAY, SUITE 650, GREENWOOD VILLAGE CO 80111
Kenneth J Rabel	officer: Division President-Colorado	8390 EAST CRESCENT PARKWAY, SUITE 650, GREENWOOD VILLAGE CO 80111