Meritage Homes (Meritage Homes) Days Payable

: 20.81 (As of Dec. 2023)

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Meritage Homes's average Accounts Payable for the three months ended in Dec. 2023 was $283 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 Payable for the three months ended in Dec. 2023 was 20.81.

The historical rank and industry rank for Meritage Homes's Days Payable or its related term are showing as below:

MTH' s Days Payable Range Over the Past 10 Years
Min: 16.07 Med: 17.69 Max: 21.79
Current: 21.79

During the past 13 years, Meritage Homes's highest Days Payable was 21.79. The lowest was 16.07. And the median was 17.69.

MTH's Days Payable is ranked worse than
73% of 100 companies
in the Homebuilding & Construction industry
Industry Median: 40.65 vs MTH: 21.79

Meritage Homes's Days Payable increased from Dec. 2022 (18.17) to Dec. 2023 (20.81). It may suggest that Meritage Homes delayed paying its suppliers.

Meritage Homes Days Payable Historical Data

The historical data trend for Meritage Homes's Days Payable 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.

* Premium members only.

Meritage Homes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

17.36

17.07

19.24

19.86

21.53

Meritage Homes Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																18.17	24.53	20.64	21.94	20.81

Competitive Comparison

For the Residential Construction subindustry, Meritage Homes's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable Distribution

For the Homebuilding & Construction industry and Consumer Cyclical sector, Meritage Homes's Days Payable distribution charts can be found below:

* The bar in red indicates where Meritage Homes's Days Payable falls into.

Meritage Homes Days Payable Calculation

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

Meritage Homes's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (273.267	+	271.65)	/	2 )	/	4618.585	*	365
=	272.4585					/	4618.585	*	365
=	21.53

Meritage Homes's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (294.183	+	271.65)	/	2 )	/	1240.748	*	365 / 4
=	282.9165					/	1240.748	*	365 / 4
=	20.81

Meritage Homes Days Payable Related Terms

Thank you for viewing the detailed overview of Meritage Homes's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Meritage Homes (Meritage Homes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Meritage Homes Corp (NYSE:MTH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MEY:Germany

Address

8800 East Raintree Drive, Suite 300, Scottsdale, AZ, USA, 85260

Website

https://www.meritagehomes.com

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.

Executives

Phillippe Lord	officer: EXECUTIVE VICE PRESIDENT	8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260
Peter L Ax	director
Alison Sasser	officer: SVP - Chief Accounting Officer	8800 E RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260
Hilla Sferruzza	officer: Chief Accounting Officer	8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260
Javier Feliciano	officer: EVP Chief Human Resources Off	8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260
Dennis V Arriola	director	162 CANCO ROAD, PORTLAND ME 04103
R. Odell Michael	director	3111 WEST ALLEGHENY AVENUE, PHILADELPHIA PA 19130
Gerald W Haddock	director	C/O ENSCO, 5847 SAN FELIPE, HOUSTON TX 77057
Raymond Oppel	director
Steven J Hilton	officer: Chief Executive Officer	6613 N SCOTTSDALE RD, SCOTTSDALE AZ 85250
Clinton Szubinski	officer: EVP - Chief Operating Officer	8800 E RAINTREE DRIVE, SCOTTSDALE AZ 85260
Malissia Clinton	officer: EVP - Gen. Counsel, Secretary	333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730
Louis E Caldera	director	C/O BELO CORP, PO BOX 655237, DALLAS TX 75265-5237
C Timothy White	officer: EVP - Gen. Counsel, Secretary
Dana Bradford	director	BALLANTYNE OF OMAHA INC, 4350 MCKINLEY STREET, OMAHA NE 68112