Meritage Corporation (MTH)

Payables 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
Payables US$ in thousands 200,679 212,477 271,650 273,267 216,009
Payables turnover 23.36 22.58 16.97 16.43 17.15

December 31, 2025 calculation

Payables turnover = Cost of revenue ÷ Payables
= $4,688,240K ÷ $200,679K
= 23.36