Days Inventory is also known as Days Sales of Inventory (DSI). Meritage Homes's Average Total Inventories for the
three
months ended in Dec. 2023 was $4,611 Mil. Meritage Homes's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $1,241 Mil.
Hence, Meritage Homes's Days Inventory for the
three
months ended in Dec. 2023 was 339.14.
The historical rank and industry rank for Meritage Homes's Days Inventory or its related term are showing as below:
MTH'
s Days Inventory Range Over the Past 10 Years
Min: 287.22 Med: 340.89 Max: 358.77
Current: 352.23
During the past 13 years, Meritage Homes's highest Days Inventory was 358.77. The lowest was 287.22. And the median was 340.89.
MTH's Days Inventory is ranked worse than 55.1% of 98
companies
in the Homebuilding & Construction industry
Industry Median: 321.76
vs MTH: 352.23
Meritage Homes's Days Inventory
increased
from Dec. 2022 (277.26) to Dec. 2023 (339.14).
It might indicate that Meritage Homes's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Meritage Homes's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.27.
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.
Meritage Homes's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 2.77.
Meritage Homes Days Inventory Historical Data
The historical data trend for Meritage Homes's Days Inventory 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.
Competitive Comparison of Meritage Homes's Days Inventory
For the Residential Construction subindustry, Meritage Homes's Days Inventory, along with its competitors' market caps and Days Inventory 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.
Meritage Homes's Days Inventory Distribution in the Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Meritage Homes's Days Inventory distribution charts can be found below:
* The bar in red indicates where Meritage Homes's Days Inventory falls into.
Meritage Homes Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Meritage Homes's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Meritage Homes (NYSE:MTH) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Meritage Homes's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Meritage Homes's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Meritage Homes Days Inventory Related Terms
Thank you for viewing the detailed overview of Meritage Homes's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Meritage Homes (Meritage Homes) Business Description
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.
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