Meritage Corporation (MTH)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		—	—	—	—	—
Number of days of payables	days	—	—	—	—	—

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —

The number of days of payables for Meritage Homes Corp. has shown a slight fluctuation over the past five years. It increased from 19.05 days at the end of 2019 to 22.24 days at the end of 2022 before decreasing to 21.52 days at the end of 2023. This indicates that, on average, the company takes approximately 21 to 22 days to pay its suppliers and vendors for goods and services purchased on credit. This metric can help assess the efficiency of the company's working capital management and its relationships with suppliers.