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Meritage Homes Corp (NYSE:MTH)
Days Payable
19.43 (As of Jun. 2015)

Meritage Homes Corp's payable for the three months ended in Jun. 2015 was $103 Mil. Meritage Homes Corp's cost of goods sold for the three months ended in Jun. 2015 was $484 Mil. Hence, Meritage Homes Corp's days payable for the three months ended in Jun. 2015 was 19.43.

Meritage Homes Corp's days payable increased from Jun. 2014 (19.31) to Jun. 2015 (19.43). 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. 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 Jun. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=103.145/484.414*365 / 4
=19.43

* 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

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 22.4015.609.357.4111.4411.1219.1318.6217.4617.73

Meritage Homes Corp Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
DaysPayable 20.1917.6218.4215.0121.8719.3121.4413.6319.6719.43
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