Meritage Corporation (MTH)

Days of inventory on hand (DOH)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		0.13	0.14	0.13	0.35	0.34	0.31	0.32	0.12	0.13	0.14	0.15	0.16	0.17	0.16	0.15	0.14	0.14	0.14	0.14	0.40
DOH	days	2,794.65	2,703.23	2,775.36	1,053.95	1,072.35	1,192.81	1,137.16	3,136.14	2,906.61	2,650.69	2,409.31	2,252.14	2,149.09	2,342.47	2,411.52	2,532.75	2,549.99	2,690.44	2,609.16	908.05

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.13
= 2,794.65

Based on the provided data on days of inventory on hand (DOH) for Meritage Homes Corp., it appears that specific values are missing for each quarter mentioned. Without the actual numerical figures for each quarter, a comprehensive analysis of the trend in DOH over time cannot be accurately determined.

In order to provide a meaningful analysis, it is essential to have the actual numerical values for DOH in each quarter. This data is crucial for evaluating the efficiency of Meritage Homes Corp.'s inventory management and the company's ability to turn its inventory into sales within a certain period.

It is recommended to obtain the missing data or provide additional information to conduct a thorough analysis of Meritage Homes Corp.'s DOH and derive meaningful insights into the company's operational efficiency and inventory management practices.