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Meritage Homes Corporation  (MTH)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services


Meritage Homes's ROA from the fourth quarter of 2023 to the fourth quarter of 2022 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


What is Meritage Homes's ROA in the fourth quarter of 2023?
Meritage Homes Corporation achieved a return on average assets (ROA) of 12.14 % in its fourth quarter of 2023, this is above MTH's average return on assets of 9.14%.
Meritage Homes Corporations assets during the 12 months ending in the fourth quarter of 2023 are valued at $6 billion

ROA decreased relative to the period ending Sep 30 2023, due to the decline in net income.

However, within the Capital Goods sector 40 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Dec 31 2023 quarter, so far to 316, from total ROA ranking in the third quarter of 2023 at 400.

What is ROA?


Return On Assets (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Total Assets Change 10.08 % 10.95 % 13.47 % 15.25 % 20.26 %
Y / Y Net Income Change -24.21 % -15.52 % -25.29 % -39.56 % 10.49 %
Net Income (TTM) in million 739 802 843 906 992
Return On Assets (TTM) 12.14 % 13.5 % 14.56 % 16.15 % 18.31 %
MTH's Total Ranking # 316 # 400 # 376 # 350 # 344
Total Assets (TTM) in million 6,357 6,138 6,023 5,829 5,775
Seq. Total Assets Change 3.56 % 1.92 % 3.32 % 0.95 % 4.39 %
Seq. Net Income Change -10.33 % 18.69 % 42.3 % -49.95 % -0.05 %



Return On Assets Company Ranking
Within: No.
Industry # 9
Sector # 41
Overall # 314

Return On Assets Statistics
High Average Low
18.65 %
9.14 %
4.53 %
(Sep 30 2022)   (Dec 31 2017)





Financial Statements
Meritage Homes's Assets $ 6,357 million MTH's Balance sheet
Meritage Homes's Income $ 199 million Quarterly MTH's Income Statement
MTH's Income by Division See MTH's Income by Division



Annual Return On Assets (Dec 31 2023)
FY 2023
(Dec 31 2022)
FY 2022
(Dec 31 2021)
FY 2021
(Dec 31 2020)
FY 2020
(Dec 31 2019)
FY 2019
Y / Y Total Assets Change 10.06 % 20.26 % 24.26 % 13.72 % 0.97 %
Total Assets in million 6,356 5,775 4,802 3,864 3,398
Y / Y Net Income Change -25.54 % 34.54 % 74.14 % 69.62 % 9.82 %
Net Income in million 739 992 737 423 250
Return On Assets 11.62 % 17.18 % 15.36 % 10.96 % 7.35 %




Comment on MTH's ROA in the fiscal year ending 2023
In the fiscal year 2023 Meritage Homes's ROA decreased compared to previous year to 11.62 %, due to deterioration of net income -25.54 % to $738.75 million, from $992.19 million a year ago, as MTH's assets were $6,355.56 million.


More Return On Assets Ratios
MTH's' Return on Assets at Yahoo Finance
Construction Services Industry Return On Assets Trends and Statistics
Capital Goods Sector Roa Statistics
Roa Trends for overall market
MTH's Roa Ratio versus Construction Services Industry, Capital Goods Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Roa for MTH's Competitors
Roa for Meritage Homes's Suppliers
Return On Assets for MTH's Customers

You may also want to know
MTH's Roi MTH's Inventory Turnover Ratio MTH's Growth Rates MTH's Dividend Comparisons
MTH's Profitability Ratios MTH's Asset Turnover Ratio MTH's Dividend Growth
MTH's Roe MTH's Valuation Ratios MTH's Financial Strength Ratios MTH's Dividend Payout Ratio



Companies with similar Return On Assets at Dec 31 2023, within Capital Goods Sector ROA
Spectrum Brands Holdings Inc   33.30 %
Nvr Inc   25.15 %
Atkore Inc   23.08 %
John Bean Technologies Corporation  22.05 %
Marine Products Corporation  21.80 %
Dover Corporation  21.24 %
Axcelis Technologies Inc  21.02 %
Lennox International Inc   20.63 %
Asml Holding Nv  19.62 %
Nextracker Inc   19.53 %
Aaon Inc   19.29 %
Graco Inc   19.02 %
Illinois Tool Works Inc  18.93 %
Lam Research Corporation  18.36 %
Hudson Technologies Inc  17.76 %
Wabash National Corporation  17.03 %
Pultegroup Inc  16.83 %
Advanced Drainage Systems Inc   16.46 %
Lincoln Electric Holdings Inc  16.44 %
Greystone Logistics Inc   16.34 %
Watsco Inc   16.19 %
Blue Bird Corporation  15.28 %
Oil dri Corporation Of America  15.25 %
Terex Corp  15.04 %
Sci Engineered Materials inc   14.88 %
Taylor Devices Inc  14.86 %
D r Horton Inc   14.78 %
Snap on Inc  14.17 %
Ies Holdings Inc   14.12 %
Applied Industrial Technologies Inc   13.76 %


Date modified: 2024-02-17T00:03:49+00:00


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