M/I Homes Inc (MHO)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		1.24	1.33	1.35	1.36	1.24	1.11	1.17	1.26	1.32	1.33	1.49	1.49	1.42	1.37	1.25	1.18	1.14	1.10	1.10	1.09
DOH	days	295.27	273.52	270.29	267.72	295.43	328.31	312.70	290.14	277.27	275.27	245.05	245.61	256.44	266.65	291.73	308.75	321.19	332.79	332.34	335.62

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.24
= 295.27

Unfortunately, the table provided does not contain any specific data on MI Homes Inc.'s days of inventory on hand (DOH) for the specified periods. As such, it is not possible to conduct a detailed analysis of the company's DOH trend or current status. To perform a meaningful analysis, it would be necessary to obtain the DOH figures for each of the given quarters. These figures would be crucial in evaluating the efficiency of MI Homes Inc.'s inventory management practices and assessing its ability to convert inventory into sales within a given period.