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Meritage Homes Corp (NYSE:MTH)
Days Sales Outstanding
7.80 (As of Jun. 2016)

Meritage Homes Corp's account receivable for the three months ended in Jun. 2016 was $69 Mil. Meritage Homes Corp's revenue for the three months ended in Jun. 2016 was $805 Mil. Hence, Meritage Homes Corp's days sales outstanding for the three months ended in Jun. 2016 was 7.80.

MTH' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.15   Max: 43.43
Current: 8.76

6.15
43.43

During the past 13 years, Meritage Homes Corp's highest Days Sales Outstanding was 43.43. The lowest was 6.15. And the median was 7.92.

MTH's Days Sales Outstanding is ranked higher than
92% of the 445 Companies
in the Global Residential Construction industry.

( Industry Median: 47.54 vs. MTH: 8.76 )

Meritage Homes Corp's days sales outstanding declined from Jun. 2015 (9.78) to Jun. 2016 (7.80).


Definition

Days sales outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Account receivable can be measured by Days Sales Outstanding.

Meritage Homes Corp's Days Sales Outstanding for the fiscal year that ended in Dec. 2015 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=57.296/2592.556*365
=8.07

Meritage Homes Corp's Days Sales Outstanding for the quarter that ended in Jun. 2016 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=68.837/805.167*365 / 4
=7.80

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


Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.


Related Terms

Account Receivable, 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
DaysSalesOutstanding 7.258.737.4443.438.086.286.157.769.468.07

Meritage Homes Corp Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysSalesOutstanding 11.989.069.127.3410.829.788.046.639.237.80
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