Meritage Corporation (MTH)

Payables turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cost of revenue (ttm)	US$ in thousands	4,784,030	4,780,620	4,767,860	4,708,730	4,618,594	4,872,754	4,816,384	4,592,737	4,495,267	4,068,837	3,828,830	3,794,254	3,712,000	3,738,190	3,744,457	3,625,049	3,530,304	3,354,994	3,215,468	3,108,833
Payables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $4,784,030K ÷ $—K
= —

The payables turnover ratio for Meritage Corporation, as provided, is not available for all the periods listed from March 31, 2020, to December 31, 2024. The payables turnover ratio is a financial metric used to evaluate how efficiently a company is managing its payments to suppliers and creditors. It is calculated by dividing the total purchases made on credit by the average accounts payable during a specific period.

In the absence of data for this ratio, it is difficult to assess how quickly Meritage Corporation is paying off its suppliers or how efficiently it is managing its accounts payable. A higher payables turnover ratio typically indicates that the company is paying its suppliers quickly, which could have implications for its cash flow management and relationships with suppliers.

It is recommended that additional financial information be gathered or provided for a more thorough analysis of Meritage Corporation's payables turnover and its implications for the company's financial health and operational efficiency.