M/I Homes Inc (MHO)

Days of inventory on hand (DOH)

		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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Inventory turnover		1.09	1.02	1.04	1.09	1.08	1.18	1.19	1.21	1.09	0.98	1.03	1.11	1.16	1.16	1.30	1.29	1.24	1.23	1.17	1.14
DOH	days	333.71	358.39	350.88	336.17	338.67	309.80	305.99	302.57	334.39	372.85	355.10	329.81	315.53	315.02	280.98	282.23	295.20	296.21	312.67	319.31

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.09
= 333.71

The days of inventory on hand (DOH) for M/I Homes Inc have shown fluctuations over the period analyzed. The company's inventory holding period ranged from a low of 280.98 days as of June 30, 2021, to a high of 372.85 days as of September 30, 2022. This suggests varying levels of efficiency in managing inventory levels during different quarters.

The trend in DOH indicates that M/I Homes Inc experienced a significant increase in inventory holding days from June 30, 2022, to September 30, 2022, which may raise concerns about excess inventory or potential issues with sales and demand forecasting during that period.

Overall, monitoring the days of inventory on hand is crucial for assessing how effectively the company manages its inventory levels and turnover. A high DOH can tie up capital and indicate potential inefficiencies in inventory management, while a low DOH may suggest possible stockouts or lost sales opportunities. Thus, continuous monitoring and analysis of this ratio are essential for optimizing inventory levels and maximizing operational efficiency for M/I Homes Inc.