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Meritage Homes Corp (NYSE:MTH)
Days Payable
19.07 (As of Sep. 2015)

Meritage Homes Corp's payable for the three months ended in Sep. 2015 was $114 Mil. Meritage Homes Corp's cost of goods sold for the three months ended in Sep. 2015 was $545 Mil. Hence, Meritage Homes Corp's days payable for the three months ended in Sep. 2015 was 19.07.

MTH' s Days Payable Range Over the Past 10 Years
Min: 7.41   Max: 22.4
Current: 18.64

7.41
22.4

During the past 13 years, Meritage Homes Corp's highest Days Payable was 22.40. The lowest was 7.41. And the median was 16.53.

MTH's Days Payable is ranked lower than
80% of the 612 Companies
in the Global Residential Construction industry.

( Industry Median: 41.31 vs. MTH: 18.64 )

Meritage Homes Corp's days payable declined from Sep. 2014 (21.44) to Sep. 2015 (19.07). It may suggest that Meritage Homes Corp accelerated 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. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=83.619/1721.838*365
=17.73

Meritage Homes Corp's Days Payable for the quarter that ended in Sep. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=113.869/544.965*365 / 4
=19.07

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Meritage Homes Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 15.609.357.4111.4411.1219.1318.6217.4617.7318.64

Meritage Homes Corp Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
DaysPayable 18.4215.0121.8719.3121.4413.6319.6719.4319.0715.40
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