M/I Homes Inc (MHO)

Fixed asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 4,504,670 4,033,500 4,131,390 3,745,890 3,046,140
Property, plant and equipment US$ in thousands 97,862 88,598 26,612
Fixed asset turnover 42.22 42.28 114.46

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,504,670K ÷ $—K
= —

The fixed asset turnover of M/I Homes Inc has shown a significant decline from 114.46 in December 31, 2020 to 42.28 in December 31, 2021, and has remained relatively stable around 42.22 in December 31, 2022. However, no data is available for December 31, 2023 and December 31, 2024. This decrease in fixed asset turnover could indicate that the company's efficiency in generating sales from its fixed assets has decreased over time. It is important for M/I Homes Inc to analyze the reasons behind this trend and take necessary steps to improve its utilization of fixed assets to enhance overall operational efficiency and profitability.