Meritage Homes (FRA:MEY) Change In Receivables : €-43 Mil (TTM As of Sep. 2024)

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What is Meritage Homes Change In Receivables?

Meritage Homes's change in receivables for the quarter that ended in Sep. 2024 was €-15 Mil. It means Meritage Homes's Accounts Receivable increased by €15 Mil from Jun. 2024 to Sep. 2024 .

Meritage Homes's change in receivables for the fiscal year that ended in Dec. 2023 was €-59 Mil. It means Meritage Homes's Accounts Receivable increased by €59 Mil from Dec. 2022 to Dec. 2023 .

Meritage Homes's Accounts Receivable for the quarter that ended in Sep. 2024 was €0 Mil.

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 Receivable are being managed. Meritage Homes's Days Sales Outstanding for the three months ended in Sep. 2024 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Meritage Homes's liquidation value for the three months ended in Sep. 2024 was €1,339 Mil.

Meritage Homes Change In Receivables Historical Data

The historical data trend for Meritage Homes's Change In Receivables 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 Receivables Chart

Meritage Homes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-8.20

1.75

-57.63

-97.19

-58.84

Meritage Homes Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Receivables	Get a 7-Day Free Trial															-17.25	-50.18	49.47	-27.44	-15.25

Meritage Homes Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-43 Mil.

Meritage Homes (FRA:MEY) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. 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 Receivable are being managed.

Meritage Homes's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	1437.326	*	91
=	0.00

2. In Ben Graham's calculation of liquidation value, Meritage Homes's accounts receivable are only considered to be worth 75% of book value:

Meritage Homes's liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	749.235	-	1868.369	+	0.75 * 0	+	0.5 * 4916.85
=	1,339

Meritage Homes Change In Receivables 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 Receivables

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MTH:USA MEY:Germany

Address

18655 North Claret Drive, Suite 400, Scottsdale, AZ, USA, 85255

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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