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Meritage Homes (Meritage Homes) Capex-to-Operating-Cash-Flow : 0.08 (As of Mar. 2024)


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What is Meritage Homes Capex-to-Operating-Cash-Flow?

Capex-to-Operating-Cash-Flow assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. It’s also useful to distinguish whether the company is capital intensive or not.

Meritage Homes's Capital Expenditure for the three months ended in Mar. 2024 was $-6.26 Mil. Its Cash Flow from Operations for the three months ended in Mar. 2024 was $81.93 Mil.

Hence, Meritage Homes's Capex-to-Operating-Cash-Flow for the three months ended in Mar. 2024 was 0.08.


Meritage Homes Capex-to-Operating-Cash-Flow Historical Data

The historical data trend for Meritage Homes's Capex-to-Operating-Cash-Flow can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Meritage Homes Capex-to-Operating-Cash-Flow Chart

Meritage Homes Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Capex-to-Operating-Cash-Flow
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.07 0.04 - 0.07 0.11

Meritage Homes Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Capex-to-Operating-Cash-Flow Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.07 0.05 0.10 - 0.08

Competitive Comparison of Meritage Homes's Capex-to-Operating-Cash-Flow

For the Residential Construction subindustry, Meritage Homes's Capex-to-Operating-Cash-Flow, along with its competitors' market caps and Capex-to-Operating-Cash-Flow data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Meritage Homes's Capex-to-Operating-Cash-Flow Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Meritage Homes's Capex-to-Operating-Cash-Flow distribution charts can be found below:

* The bar in red indicates where Meritage Homes's Capex-to-Operating-Cash-Flow falls into.



Meritage Homes Capex-to-Operating-Cash-Flow Calculation

Meritage Homes's Capex-to-Operating-Cash-Flow for the fiscal year that ended in Dec. 2023 is calculated as

Capex-to-Operating-Cash-Flow=- Capital Expenditure / Cash Flow from Operations
=- (-38.192) / 355.572
=0.11

Meritage Homes's Capex-to-Operating-Cash-Flow for the quarter that ended in Mar. 2024 is calculated as

Capex-to-Operating-Cash-Flow=- Capital Expenditure / Cash Flow from Operations
=- (-6.258) / 81.93
=0.08

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Meritage Homes  (NYSE:MTH) Capex-to-Operating-Cash-Flow Explanation

Capex-to-Operating-Cash-Flow ratio assesses how much of a company’s Cash Flow from Operations is being devoted to Capital Expenditure. It is a good indicator in terms of how much the company is focused on growth. In general, a high Capex-to-Operating-Cash-Flow ratio indicates that the company is investing more in physical assets and is focused on growth and expansion. Conversely, lower ratio could indicate that a company has reached maturity and is no longer pursuing aggressive growth.

Moreover, the ratio is also useful to distinguish whether the company is capital intensive or not. If the ratio is large, then the company tends to be capital intensive. Lower ratio suggests that it’s a capital-light business. The ratio can be combined with ROIC % to identify whether the company is an asset-light business that has a high return on invested capital. This is one question investors commonly ask to see if a company qualifies as a good company.


Meritage Homes Capex-to-Operating-Cash-Flow Related Terms

Thank you for viewing the detailed overview of Meritage Homes's Capex-to-Operating-Cash-Flow provided by GuruFocus.com. Please click on the following links to see related term pages.


Meritage Homes (Meritage Homes) Business Description

Traded in Other Exchanges
Address
8800 East Raintree Drive, Suite 300, Scottsdale, AZ, USA, 85260
Meritage Homes Corp is engaged as a designer and builder of single-family attached and detached homes. It has operations in three regions: West, Central, and East, which are comprised of ten states: Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Utah. The company operates with two principal business segments; homebuilding and financial services. The homebuilding segments are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes and providing warranty and customer services and the financial services segment offer title and escrow, mortgage, and insurance services. The company generates key revenue from the homebuilding segment.
Executives
Phillippe Lord officer: EXECUTIVE VICE PRESIDENT 8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260
Peter L Ax director
Alison Sasser officer: SVP - Chief Accounting Officer 8800 E RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260
Hilla Sferruzza officer: Chief Accounting Officer 8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260
Javier Feliciano officer: EVP Chief Human Resources Off 8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260
Dennis V Arriola director 162 CANCO ROAD, PORTLAND ME 04103
R. Odell Michael director 3111 WEST ALLEGHENY AVENUE, PHILADELPHIA PA 19130
Gerald W Haddock director C/O ENSCO, 5847 SAN FELIPE, HOUSTON TX 77057
Raymond Oppel director
Steven J Hilton officer: Chief Executive Officer 6613 N SCOTTSDALE RD, SCOTTSDALE AZ 85250
Clinton Szubinski officer: EVP - Chief Operating Officer 8800 E RAINTREE DRIVE, SCOTTSDALE AZ 85260
Malissia Clinton officer: EVP - Gen. Counsel, Secretary 333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730
Louis E Caldera director C/O BELO CORP, PO BOX 655237, DALLAS TX 75265-5237
C Timothy White officer: EVP - Gen. Counsel, Secretary
Dana Bradford director BALLANTYNE OF OMAHA INC, 4350 MCKINLEY STREET, OMAHA NE 68112