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GuruFocus has detected 1 Warning Sign with Meritage Homes Corp $MTH.
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Meritage Homes Corp (NYSE:MTH)
Days Payable
17.71 (As of Dec. 2016)

Meritage Homes Corp's payable for the three months ended in Dec. 2016 was $141 Mil. Meritage Homes Corp's cost of goods sold for the three months ended in Dec. 2016 was $725 Mil. Hence, Meritage Homes Corp's days payable for the three months ended in Dec. 2016 was 17.71.

MTH' s Days Payable Range Over the Past 10 Years
Min: 7.41   Max: 20.52
Current: 20.52

7.41
20.52

During the past 13 years, Meritage Homes Corp's highest Days Payable was 20.52. The lowest was 7.41. And the median was 17.60.

MTH's Days Payable is ranked lower than
76% of the 569 Companies
in the Global Residential Construction industry.

( Industry Median: 39.32 vs. MTH: 20.52 )

Meritage Homes Corp's days payable increased from Dec. 2015 (15.40) to Dec. 2016 (17.71). It may suggest that Meritage Homes Corp delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Meritage Homes Corp's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=140.682/2503.602*365
=20.51

Meritage Homes Corp's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=140.682/724.705*365 / 4
=17.71

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Meritage Homes Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 9.357.4111.4411.1219.1318.6217.4617.7318.6420.51

Meritage Homes Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 21.4413.6319.7319.4319.0715.4022.5917.3921.7417.71
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