Meritage Homes's Total Assets for the quarter that ended in Dec. 2023 was $6,353 Mil.
During the past 12 months, Meritage Homes's average Total Assets Growth Rate was 10.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 20.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 14.00% per year.
During the past 10 years, the average Total Assets Growth Rate was 10.30% per year.
During the past 13 years, Meritage Homes's highest 3-Year average Total Assets Growth Rate was 71.40%. The lowest was -68.50%. And the median was 17.90%.
Total Assets is connected with ROA %. Meritage Homes's annualizedROA % for the quarter that ended in Dec. 2023 was 12.69%. Total Assets is also linked to Revenue through Asset Turnover. Meritage Homes's Asset Turnover for the quarter that ended in Dec. 2023 was 0.27.
Meritage Homes Total Assets Historical Data
The historical data trend for Meritage Homes's Total Assets 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.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Meritage Homes's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Meritage Homes (NYSE:MTH) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Meritage Homes's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Meritage Homes Total Assets Related Terms
Thank you for viewing the detailed overview of Meritage Homes's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Meritage Homes (Meritage Homes) Business Description
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.
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