Meritage Homes (Meritage Homes) Change In Receivables : $1 Mil (TTM As of Mar. 2024)

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What is Meritage Homes Change In Receivables?

Meritage Homes's change in receivables for the quarter that ended in Mar. 2024 was $54 Mil. It means Meritage Homes's Accounts Receivable declined by $54 Mil from Dec. 2023 to Mar. 2024 .

Meritage Homes's change in receivables for the fiscal year that ended in Dec. 2023 was $-64 Mil. It means Meritage Homes's Accounts Receivable increased by $64 Mil from Dec. 2022 to Dec. 2023 .

Meritage Homes's Accounts Receivable for the quarter that ended in Mar. 2024 was $0 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. Meritage Homes's Days Sales Outstanding for the three months ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Meritage Homes's liquidation value for the three months ended in Mar. 2024 was $1,594 Mil.

Meritage Homes Change In Receivables Historical Data

The historical data trend for Meritage 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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Meritage Homes Change In Receivables Chart

Meritage Homes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-9.11

2.13

-65.11

-102.95

-64.17

Meritage 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															-11.75	20.71	-18.41	-54.72	53.77

Meritage 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 $1 Mil.

Meritage Homes (NYSE:MTH) 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.

Meritage 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
=	0	/	1470.714	*	91
=	0.00

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

Meritage 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)
=	905.298	-	1768.732	+	0.75 * 0	+	0.5 * 4914.512
=	1,594

Meritage Homes Change In Receivables Related Terms

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Meritage Homes (Meritage Homes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Meritage Homes Corp (NYSE:MTH) » Definitions » Change In Receivables

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Traded in Other Exchanges

MEY:Germany

Address

8800 East Raintree Drive, Suite 300, Scottsdale, AZ, USA, 85260

Website

https://www.meritagehomes.com

Meritage Homes Corp is engaged as a designer and builder of single-family attached and detached homes. It has operations in three regions: West, Central, and East, which are comprised of ten states: Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Utah. The company operates with two principal business segments; homebuilding and financial services. The homebuilding segments are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes and providing warranty and customer services and the financial services segment offer title and escrow, mortgage, and insurance services. The company generates key revenue from the homebuilding segment.

Executives

Phillippe Lord	officer: EXECUTIVE VICE PRESIDENT	8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260
Peter L Ax	director
Alison Sasser	officer: SVP - Chief Accounting Officer	8800 E RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260
Hilla Sferruzza	officer: Chief Accounting Officer	8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260
Javier Feliciano	officer: EVP Chief Human Resources Off	8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260
Dennis V Arriola	director	162 CANCO ROAD, PORTLAND ME 04103
R. Odell Michael	director	3111 WEST ALLEGHENY AVENUE, PHILADELPHIA PA 19130
Gerald W Haddock	director	C/O ENSCO, 5847 SAN FELIPE, HOUSTON TX 77057
Raymond Oppel	director
Steven J Hilton	officer: Chief Executive Officer	6613 N SCOTTSDALE RD, SCOTTSDALE AZ 85250
Clinton Szubinski	officer: EVP - Chief Operating Officer	8800 E RAINTREE DRIVE, SCOTTSDALE AZ 85260
Malissia Clinton	officer: EVP - Gen. Counsel, Secretary	333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730
Louis E Caldera	director	C/O BELO CORP, PO BOX 655237, DALLAS TX 75265-5237
C Timothy White	officer: EVP - Gen. Counsel, Secretary
Dana Bradford	director	BALLANTYNE OF OMAHA INC, 4350 MCKINLEY STREET, OMAHA NE 68112