M/I Homes Inc (MHO)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 1.07 | 1.08 | 1.09 | 1.16 | 1.24 | |
| DOH | days | 341.38 | 338.68 | 334.39 | 315.53 | 295.20 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.07
= 341.38
The days of inventory on hand (DOH) for M/I Homes Inc have shown an increasing trend over the past five years, starting at 295.20 days on December 31, 2020, and reaching 341.38 days on December 31, 2024. This indicates that the company is taking longer to sell its inventory, which could be a concern as it ties up capital and may indicate inefficiencies in inventory management. A high DOH value may also suggest potential issues with product demand or production capacity. M/I Homes Inc may need to closely monitor its inventory levels and sales strategies to improve operational efficiency and optimize working capital management.
Peer comparison
Dec 31, 2024