Meritage Corporation (MTH)
Number of days of payables
| 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 | ||
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| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Meritage Homes Corp.'s number of days of payables has shown a relatively consistent trend over the past eight quarters. In Q4 2023, the company had 21.52 days of payables, a slight decrease from the previous quarter's 22.09 days. This indicates that the company is able to pay its suppliers within approximately 3 weeks on average.
Comparing to the same quarter in the previous year, there has been a notable improvement as in Q4 2022, the number of days of payables was 22.24 days.
The number of days of payables for Meritage Homes Corp. has generally been stable, with fluctuations within a narrow range. This suggests that the company has been managing its payables effectively and efficiently. By consistently paying its suppliers within a reasonable timeframe, Meritage Homes Corp. is maintaining good relationships with its vendors while also managing its cash flow effectively.
Peer comparison
Dec 31, 2023