Meritage Corporation (MTH)

Working capital turnover

Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 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
Revenue (ttm) US$ in thousands 5,857,970 6,043,920 6,216,250 6,284,890 6,395,030 6,433,720 6,456,410 6,327,970 6,138,260 6,476,610 6,441,730 6,285,640 6,292,210 5,797,870 5,478,650 5,344,390 5,141,310 5,052,600 4,930,520 4,684,820
Total current assets US$ in thousands 1,082,110 7,389,540 7,386,330 7,329,260 6,829,020 6,783,060 6,582,840 6,185,940 6,020,850 1,371,110 5,792,900 5,587,540 5,511,570 5,479,240 5,208,190 4,965,700 4,598,980 4,486,100 4,141,660 883,648
Total current liabilities US$ in thousands 200,679 547,659 567,774 577,249 596,685 666,771 638,307 678,694 641,619 755,408 601,032 592,637 613,486 677,793 673,872 666,594 595,896 578,984 531,941 541,167
Working capital turnover 6.65 0.88 0.91 0.93 1.03 1.05 1.09 1.15 1.14 10.52 1.24 1.26 1.28 1.21 1.21 1.24 1.28 1.29 1.37 13.68

December 31, 2025 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,857,970K ÷ ($1,082,110K – $200,679K)
= 6.65