Meritage Corporation (MTH)

Working capital turnover

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Revenue US$ in thousands 5,857,640 6,395,040 6,113,010 6,292,200 5,141,320
Total current assets US$ in thousands 1,082,110 6,829,020 6,020,850 5,511,570 4,598,980
Total current liabilities US$ in thousands 200,679 596,685 641,619 613,486 595,896
Working capital turnover 6.65 1.03 1.14 1.28 1.28

December 31, 2025 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $5,857,640K ÷ ($1,082,110K – $200,679K)
= 6.65