Meritage Corporation (MTH)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 0.13 | 0.12 | 0.13 | 0.17 | 0.14 | |
| DOH | days | 2,794.65 | 3,080.19 | 2,906.61 | 2,149.09 | 2,549.99 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.13
= 2,794.65
To analyze Meritage Homes Corp.'s days of inventory on hand (DOH) over the past five years, we first note that the data for DOH is missing for each year. Without specific figures provided, it is challenging to calculate or draw conclusions about the efficiency of the company's inventory management.
Days of inventory on hand is a crucial ratio that indicates how long a company holds inventory before selling it. A lower DOH suggests efficient inventory management and faster inventory turnover, while a higher DOH may indicate excess or obsolete inventory, tying up financial resources.
Given the absence of specific DOH figures for Meritage Homes Corp., it is not feasible to evaluate the trend in inventory management efficiency over the five-year period or make comparisons to industry benchmarks. To provide a more in-depth analysis, it would be necessary to obtain the actual DOH data for each year to assess the company's performance in managing its inventory levels effectively.
Peer comparison
Dec 31, 2023