Meritage Retained Earnings vs Short Term Investments Analysis

MTH Stock  USD 184.44  6.76  3.80%   
Meritage financial indicator trend analysis is infinitely more than just investigating Meritage recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Meritage is a good investment. Please check the relationship between Meritage Retained Earnings and its Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meritage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more detail on how to invest in Meritage Stock please use our How to Invest in Meritage guide.

Retained Earnings vs Short Term Investments

Retained Earnings vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Meritage Retained Earnings account and Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Meritage's Retained Earnings and Short Term Investments is -0.37. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Meritage, assuming nothing else is changed. The correlation between historical values of Meritage's Retained Earnings and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Meritage are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Retained Earnings i.e., Meritage's Retained Earnings and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.37
Relationship DirectionNegative 
Relationship StrengthInsignificant

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Short Term Investments

Short Term Investments is an item under the current assets section of Meritage balance sheet. It contains any investments Meritage undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Meritage can easily liquidate in the marketplace.
Most indicators from Meritage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Meritage current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meritage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more detail on how to invest in Meritage Stock please use our How to Invest in Meritage guide.As of now, Meritage's Sales General And Administrative To Revenue is decreasing as compared to previous years. The Meritage's current Enterprise Value is estimated to increase to about 3.2 B, while Selling General Administrative is projected to decrease to under 139.5 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.4B1.8B1.5B1.6B
Total Revenue5.1B6.3B6.1B6.4B

Meritage fundamental ratios Correlations

0.220.99-0.360.97-0.03-0.020.320.85-0.060.610.06-0.330.920.890.90.940.590.63-0.310.950.970.370.830.310.56
0.220.10.560.04-0.15-0.090.710.520.720.680.290.420.05-0.080.010.240.620.43-0.30.160.070.57-0.090.580.56
0.990.1-0.481.0-0.01-0.010.20.78-0.20.510.0-0.370.940.930.930.920.510.56-0.270.940.990.280.870.210.48
-0.360.56-0.48-0.55-0.020.030.590.110.860.310.150.36-0.64-0.7-0.66-0.330.310.04-0.14-0.39-0.490.37-0.570.440.31
0.970.041.0-0.55-0.01-0.020.110.73-0.280.45-0.03-0.40.950.950.940.910.440.51-0.240.930.990.210.90.140.44
-0.03-0.15-0.01-0.02-0.010.96-0.05-0.08-0.01-0.12-0.05-0.19-0.06-0.17-0.05-0.370.03-0.040.18-0.04-0.030.03-0.060.04-0.24
-0.02-0.09-0.010.03-0.020.96-0.04-0.050.04-0.05-0.05-0.17-0.08-0.18-0.09-0.350.12-0.01-0.06-0.01-0.03-0.05-0.04-0.05-0.16
0.320.710.20.590.11-0.05-0.040.630.870.760.380.30.12-0.020.110.30.610.52-0.190.280.150.92-0.170.940.5
0.850.520.780.110.73-0.08-0.050.630.370.73-0.04-0.10.650.570.610.820.70.52-0.370.760.770.60.520.550.72
-0.060.72-0.20.86-0.28-0.010.040.870.370.540.280.41-0.3-0.42-0.33-0.060.530.3-0.23-0.09-0.230.69-0.480.740.43
0.610.680.510.310.45-0.12-0.050.760.730.540.48-0.060.440.340.410.590.80.82-0.370.560.460.680.30.650.72
0.060.290.00.15-0.03-0.05-0.050.38-0.040.280.480.060.110.040.10.060.330.75-0.110.09-0.090.270.010.340.01
-0.330.42-0.370.36-0.4-0.19-0.170.3-0.10.41-0.060.06-0.35-0.39-0.37-0.24-0.07-0.19-0.12-0.44-0.340.17-0.430.20.03
0.920.050.94-0.640.95-0.06-0.080.120.65-0.30.440.11-0.350.960.990.880.370.56-0.180.890.920.240.80.170.32
0.89-0.080.93-0.70.95-0.17-0.18-0.020.57-0.420.340.04-0.390.960.950.890.310.49-0.180.870.930.10.890.030.34
0.90.010.93-0.660.94-0.05-0.090.110.61-0.330.410.1-0.370.990.950.850.320.53-0.070.860.90.260.780.190.28
0.940.240.92-0.330.91-0.37-0.350.30.82-0.060.590.06-0.240.880.890.850.530.58-0.350.890.920.320.80.260.6
0.590.620.510.310.440.030.120.610.70.530.80.33-0.070.370.310.320.530.7-0.410.50.460.470.350.460.68
0.630.430.560.040.51-0.04-0.010.520.520.30.820.75-0.190.560.490.530.580.7-0.330.620.480.430.450.460.54
-0.31-0.3-0.27-0.14-0.240.18-0.06-0.19-0.37-0.23-0.37-0.11-0.12-0.18-0.18-0.07-0.35-0.41-0.33-0.38-0.260.11-0.270.12-0.39
0.950.160.94-0.390.93-0.04-0.010.280.76-0.090.560.09-0.440.890.870.860.890.50.62-0.380.920.340.790.280.48
0.970.070.99-0.490.99-0.03-0.030.150.77-0.230.46-0.09-0.340.920.930.90.920.460.48-0.260.920.240.880.160.48
0.370.570.280.370.210.03-0.050.920.60.690.680.270.170.240.10.260.320.470.430.110.340.24-0.110.990.4
0.83-0.090.87-0.570.9-0.06-0.04-0.170.52-0.480.30.01-0.430.80.890.780.80.350.45-0.270.790.88-0.11-0.180.39
0.310.580.210.440.140.04-0.050.940.550.740.650.340.20.170.030.190.260.460.460.120.280.160.99-0.180.37
0.560.560.480.310.44-0.24-0.160.50.720.430.720.010.030.320.340.280.60.680.54-0.390.480.480.40.390.37
Click cells to compare fundamentals

Meritage Account Relationship Matchups

Meritage fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.4B3.9B4.8B5.8B6.4B6.7B
Short Long Term Debt Total1.1B1.0B1.2B1.2B1.1B707.2M
Total Stockholder Equity2.0B2.3B3.0B3.9B4.6B4.8B
Net Debt699.5M274.5M541.7M289.1M141.0M134.0M
Retained Earnings1.5B1.9B2.6B3.6B4.3B4.5B
Non Current Assets Total2.9B182.6M91.8M95.8M332.3M643.6M
Non Currrent Assets Other2.7B103.3M(116.8M)(164.7M)218.6M281.4M
Common Stock Shares Outstanding38.9M38.5M38.2M37.1M37.1M32.7M
Liabilities And Stockholders Equity3.4B3.9B4.8B5.8B6.4B6.7B
Non Current Liabilities Total1.0B1.0B1.2B1.2B1.5B1.5B
Other Stockholder Equity505.4M455.8M414.8M327.9M291.0M289.8M
Total Liab1.4B1.5B1.8B1.8B1.7B901.7M
Other Current Liab191.8M267.9M342.6M373.4M(71.7M)(68.1M)
Short Term Debt5.4M34.2M28.3M0.09.5M9.0M
Cash319.5M745.6M618.3M861.6M921.2M967.3M
Other Assets29.2M3.0B3.8B4.4B5.1B5.4B
Cash And Short Term Investments319.5M745.6M618.3M861.6M921.2M967.3M
Total Current Assets458.9M3.7B4.7B5.7B6.0B6.3B
Total Current Liabilities405.3M496.4M595.9M671.8M271.7M278.8M
Property Plant And Equipment Net50.6M38.9M37.3M38.6M49.0M46.5M
Accounts Payable155.0M175.3M216.0M273.3M271.7M285.2M
Net Receivables88.5M98.6M147.5M215.0M267.0M280.3M
Common Stock Total Equity382K375K373K366K420.9K325.3K
Property Plant And Equipment Gross50.6M38.9M123.9M123.3M122.7M134.3M
Common Stock382K375K373K366K364K328.1K
Other Liab24.2M25.1M49.8M38.0M43.7M33.7M
Long Term Debt1.0B1.0B1.2B1.2B1.0B846.3M
Good Will114.1M103.3M124.8M164.7M218.6M229.5M
Inventory2.7B2.8B3.7B4.4B4.7B5.0B
Property Plant Equipment50.6M38.9M37.3M38.6M44.4M30.8M
Other Current Assets(2.7B)59.5M215.5M241.4M111.4M116.9M
Net Tangible Assets2.0B2.3B3.0B3.9B4.5B4.8B
Retained Earnings Total Equity1.5B1.9B2.6B3.6B4.2B4.4B
Long Term Debt Total1.0B1.0B1.2B1.2B1.3B1.1B
Capital Surpluse505.4M455.8M414.8M327.9M295.1M382.9M
Deferred Long Term Liab3.6M3.3M4.7M3.8M4.4M3.5M
Long Term Investments4.4M4.4M5.8M11.8M17.2M29.2M

Currently Active Assets on Macroaxis

When determining whether Meritage offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Meritage's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Meritage Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Meritage Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meritage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more detail on how to invest in Meritage Stock please use our How to Invest in Meritage guide.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Is Household Durables space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Meritage. If investors know Meritage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Meritage listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.11)
Dividend Share
2.52
Earnings Share
22.1
Revenue Per Share
177.112
Quarterly Revenue Growth
(0.01)
The market value of Meritage is measured differently than its book value, which is the value of Meritage that is recorded on the company's balance sheet. Investors also form their own opinion of Meritage's value that differs from its market value or its book value, called intrinsic value, which is Meritage's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Meritage's market value can be influenced by many factors that don't directly affect Meritage's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Meritage's value and its price as these two are different measures arrived at by different means. Investors typically determine if Meritage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Meritage's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.