PulteGroup (PulteGroup) Receivables Turnover : 146.66 (As of Mar. 2024)

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What is PulteGroup Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. PulteGroup's Revenue for the three months ended in Mar. 2024 was $3,949.16 Mil. PulteGroup's average Accounts Receivable for the three months ended in Mar. 2024 was $26.93 Mil. Hence, PulteGroup's Receivables Turnover for the three months ended in Mar. 2024 was 146.66.

PulteGroup Receivables Turnover Historical Data

The historical data trend for PulteGroup's Receivables 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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PulteGroup Receivables Turnover Chart

PulteGroup Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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75.27

117.49

216.36

316.15

454.53

PulteGroup Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															81.74	-	-	159.45	146.66

Competitive Comparison of PulteGroup's Receivables Turnover

For the Residential Construction subindustry, PulteGroup's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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.

PulteGroup's Receivables Turnover Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, PulteGroup's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PulteGroup's Receivables Turnover falls into.

PulteGroup Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

PulteGroup's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	16061.578	/ (	(43.746	+	26.928)	/	2 )
=	16061.578	/	35.337
=	454.53

PulteGroup's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	3949.16	/ (	(26.928	+	0)	/	1 )
=	3949.16	/	26.928
=	146.66

PulteGroup (NYSE:PHA) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

PulteGroup Receivables Turnover Related Terms

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PulteGroup (PulteGroup) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » PulteGroup Inc (NYSE:PHA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PHM:USA PHM:Mexico PU7:Germany P1HM34:Brazil

Address

3350 Peachtree Road NE, Suite 1500, Atlanta, GA, USA, 30326

Website

https://www.pultegroupinc.com

PulteGroup Inc is one of the largest homebuilders in the United States, operating in 42 markets across 24 states. The company mainly builds single-family detached homes (85% of unit sales) and offers products to entry-level, move-up, and active-adult buyers. PulteGroup offers homebuyers mortgage financing and title agency services through its financial services segment. The company is headquartered in Atlanta.