Meritage Corporation (MTH)
Total asset 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,378,530 | 6,428,070 | 6,461,290 | 6,327,060 | 6,137,610 | 6,475,460 | 6,439,460 | 6,290,680 | 6,298,160 | 5,804,090 | 5,484,860 | 5,350,400 | 5,147,330 | 5,058,390 | 4,936,380 | 4,690,430 | 4,506,306 | 4,231,586 | 4,035,343 | 3,869,074 |
| Total assets | US$ in thousands | 7,162,650 | 7,103,450 | 6,923,980 | 6,489,300 | 6,353,130 | 6,181,870 | 6,065,640 | 5,871,150 | 5,772,100 | 5,571,090 | 5,307,720 | 5,058,160 | 4,807,530 | 4,565,450 | 4,321,550 | 4,038,420 | 3,864,400 | 3,687,320 | 3,541,730 | 3,914,460 |
| Total asset turnover | 0.89 | 0.90 | 0.93 | 0.97 | 0.97 | 1.05 | 1.06 | 1.07 | 1.09 | 1.04 | 1.03 | 1.06 | 1.07 | 1.11 | 1.14 | 1.16 | 1.17 | 1.15 | 1.14 | 0.99 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,378,530K ÷ $7,162,650K
= 0.89
The total asset turnover of Meritage Corporation has experienced fluctuations over the reporting periods, ranging from 0.89 to 1.17. Generally, a higher total asset turnover indicates that the company is generating more revenue from its assets, which is a positive sign of operational efficiency.
From March 31, 2020, to June 30, 2021, the total asset turnover showed a consistent increasing trend, peaking at 1.17 on December 31, 2020. However, starting from March 31, 2021, the ratio started to decline gradually, reaching 0.89 on December 31, 2024. This decreasing trend suggests a potential decrease in revenue generated from the company's assets, which could be a concern for the company's operational efficiency and profitability.
It is important for Meritage Corporation to closely monitor and analyze the factors impacting its total asset turnover to identify and address any underlying issues that may be contributing to the declining trend. Regular evaluation of asset utilization and revenue generation efficiency will be crucial for maintaining and improving overall financial performance.
Peer comparison
Dec 31, 2024