Meritage Corporation (MTH)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	6,137,610	6,475,460	6,439,460	6,284,020	6,285,610	5,791,540	5,472,310	5,319,250	5,116,050	5,027,110	4,905,100	4,684,410	4,506,306	4,231,586	4,035,343	3,869,074	3,677,839	2,534,947	2,479,321	2,488,325
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,137,610K ÷ $—K
= —

The receivables turnover ratio measures how efficiently a company is able to collect its accounts receivable during a specific period. A higher ratio indicates that the company is collecting its receivables quickly, while a lower ratio may suggest potential issues with collecting payments.

In the case of Meritage Homes Corp., the trend in the receivables turnover ratio shows a consistent decline from Q1 2022 to Q4 2023. This indicates that the company has been taking longer to collect its accounts receivable over this period.

The receivables turnover ratio ranged from a high of 34.26 in Q1 2022 to a low of 22.90 in Q4 2023. This downward trend suggests that Meritage Homes Corp. may be facing challenges in managing its accounts receivable efficiently.

It is important for the company to closely monitor this trend and take proactive measures to improve its receivables turnover ratio, such as implementing stricter credit policies, actively following up on outstanding payments, and optimizing collections processes. Failure to address issues with receivables turnover could lead to cash flow problems and impact the company's overall financial performance.