Meritage Homes (FRA:MEY) Change In Inventory : €-761 Mil (TTM As of Jun. 2024)

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What is Meritage Homes Change In Inventory?

Meritage Homes's change in inventory for the quarter that ended in Jun. 2024 was €-239 Mil. It means Meritage Homes's inventory increased by €239 Mil from Mar. 2024 to Jun. 2024 .

Meritage Homes's change in inventory for the fiscal year that ended in Dec. 2023 was €-328 Mil. It means Meritage Homes's inventory increased by €328 Mil from Dec. 2022 to Dec. 2023 .

Meritage Homes's Total Inventories for the quarter that ended in Jun. 2024 was €4,808 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Meritage Homes's Days Inventory for the quarter that ended in Jun. 2024 was 364.16.

Inventory Turnover measures how fast the company turns over its inventory within a year. Meritage Homes's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.25.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Meritage Homes's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 2.95.

Meritage Homes Change In Inventory Historical Data

The historical data trend for Meritage Homes's Change In Inventory 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.

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Meritage Homes Change In Inventory Chart

Meritage Homes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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3.26

-32.95

-839.03

-589.55

-327.74

Meritage Homes Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Change In Inventory	Get a 7-Day Free Trial															11.03	-142.89	-201.62	-177.96	-238.86

Meritage Homes Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-761 Mil.

Meritage Homes (FRA:MEY) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Meritage Homes's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4664.502	/	1168.827	*	365 / 4
	=	364.16

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Meritage Homes's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1168.827	/	4664.502
	=	0.25

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Meritage Homes's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4664.502	/	1581.622
	=	2.95

Meritage Homes Change In Inventory Related Terms

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Meritage Homes Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Meritage Homes Corp (FRA:MEY) » Definitions » Change In Inventory

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MTH:USA

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.

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