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Taylor Morrison Home (FRA:THM) Accounts Receivable : €0 Mil (As of Mar. 2024)


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What is Taylor Morrison Home Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Taylor Morrison Home's accounts receivables for the quarter that ended in Mar. 2024 was €0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Taylor Morrison Home's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Taylor Morrison Home's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €0.39.


Taylor Morrison Home Accounts Receivable Historical Data

The historical data trend for Taylor Morrison Home's Accounts Receivable 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 Accounts Receivable Chart

Taylor Morrison Home Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
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Taylor Morrison Home Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Taylor Morrison Home Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


Taylor Morrison Home Accounts Receivable 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 receivables are being managed.

Taylor Morrison Home's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/1563.772*91
=0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Taylor Morrison Home's accounts receivable are only considered to be worth 75% of book value:

Taylor Morrison Home's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(509.944+0.75 * 0+0.5 * 5506.525-3205.441
-0-16.541)/106.06
=0.39

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


Taylor Morrison Home Accounts Receivable Related Terms

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Taylor Morrison Home (FRA:THM) Business Description

Traded in Other Exchanges
Address
4900 N. Scottsdale Road, Suite 2000, Scottsdale, AZ, USA, 85251
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.