Meritage Corporation (MTH)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 616,633 | 516,450 | 468,952 | 471,821 | 392,821 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $616,633K ÷ $—K
= —
The payables turnover ratio of Meritage Homes Corp. has shown a generally stable trend over the past five years, with values ranging from 16.41 to 20.10. The ratio indicates how efficiently the company is managing its accounts payable by measuring how many times a company pays off its average accounts payable balance during a period.
A higher payables turnover ratio suggests that the company is efficiently managing its payments to suppliers and creditors, indicating good liquidity and potentially favorable credit terms. In contrast, a lower ratio could signal potential issues with liquidity or challenges in managing payables effectively.
For Meritage Homes Corp., the consistent and relatively high payables turnover ratios over the years imply effective management of trade credit and supplier relationships. However, it is important to consider industry benchmarks and trends to provide a more insightful analysis of the company's payables turnover efficiency.
Peer comparison
Dec 31, 2023