Meritage Corporation (MTH)

Inventory turnover

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Cost of revenue US$ in thousands 4,688,240 4,796,760 4,610,900 4,489,310 3,703,890
Inventory US$ in thousands 6,161,290 5,728,780 4,721,290 4,358,260 3,833,100
Inventory turnover 0.76 0.84 0.98 1.03 0.97

December 31, 2025 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $4,688,240K ÷ $6,161,290K
= 0.76