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Meritage Homes Corp (NYSE:MTH)
Days Payable
15.40 (As of Dec. 2015)

Meritage Homes Corp's payable for the three months ended in Dec. 2015 was $106 Mil. Meritage Homes Corp's cost of goods sold for the three months ended in Dec. 2015 was $631 Mil. Hence, Meritage Homes Corp's days payable for the three months ended in Dec. 2015 was 15.40.

MTH' s Days Payable Range Over the Past 10 Years
Min: 7.41   Max: 19.13
Current: 18.64

7.41
19.13

During the past 13 years, Meritage Homes Corp's highest Days Payable was 19.13. The lowest was 7.41. And the median was 16.53.

MTH's Days Payable is ranked lower than
78% of the 608 Companies
in the Global Residential Construction industry.

( Industry Median: 40.46 vs. MTH: 18.64 )

Meritage Homes Corp's days payable increased from Dec. 2014 (13.63) to Dec. 2015 (15.40). 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. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=106.44/2084.576*365
=18.64

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=106.44/630.827*365 / 4
=15.40

* 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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