Meritage Corporation (MTH)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	6,113,010	6,298,150	5,147,330	4,506,300	3,677,840
Receivables	US$ in thousands	—	—	—	—	—
Receivables turnover		—	—	—	—	—

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $6,113,010K ÷ $—K
= —

The receivables turnover ratio for Meritage Homes Corp. has been decreasing over the past five years, indicating a longer time taken by the company to collect its accounts receivable. The trend suggests that the company may be facing challenges in efficiently collecting payments from customers. A lower receivables turnover ratio could potentially lead to cash flow issues and increased credit risk. Further investigation into the company's credit and collection policies may be warranted to address this concerning trend.