Meritage Corporation (MTH)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,363,870 | 6,113,010 | 6,298,150 | 5,147,330 | 4,506,300 |
| Property, plant and equipment | US$ in thousands | — | — | 38,635 | 37,340 | 38,933 |
| Fixed asset turnover | — | — | 163.02 | 137.85 | 115.74 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,363,870K ÷ $—K
= —
Meritage Corporation's fixed asset turnover has shown a consistent upward trend over the past years. In particular, the fixed asset turnover ratio increased from 115.74 in December 31, 2020, to 137.85 in December 31, 2021, and further to 163.02 in December 31, 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets, reflecting an efficient utilization of these assets to generate sales. However, it is worth noting that data for December 31, 2023, and December 31, 2024, is not available, which may limit the ability to assess the trend in the later years. Overall, the increasing trend in fixed asset turnover suggests that Meritage Corporation is effectively utilizing its fixed assets to drive sales growth and improve operational efficiency.
Peer comparison
Dec 31, 2024