M/I Homes Inc (MHO)

Fixed asset turnover

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
Revenue (ttm) US$ in thousands 4,501,490 4,272,008 4,175,468 4,080,238 4,036,708 4,277,910 4,244,470 4,271,110 4,131,391 3,966,141 3,857,530 3,777,920 3,745,885 3,600,562 3,544,164 3,297,318 3,046,145 2,881,868 2,687,292 2,596,784
Property, plant and equipment US$ in thousands — — — — — 94,319 93,899 37,419 97,862 90,605 88,478 36,776 88,598 74,825 76,082 24,939 26,612 25,696 21,004 21,046
Fixed asset turnover — — — — — 45.36 45.20 114.14 42.22 43.77 43.60 102.73 42.28 48.12 46.58 132.22 114.47 112.15 127.94 123.39

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,501,490K ÷ $—K
= —

The fixed asset turnover ratio for M/I Homes Inc has shown fluctuations over the years. The ratio indicates how efficiently the company generates revenue from its fixed assets.

From March 31, 2020, to March 31, 2021, the fixed asset turnover ratio increased steadily from 123.39 to 132.22, indicating an improvement in the company's efficiency in utilizing its fixed assets to generate sales.

However, a sharp decline was observed in the ratio from June 30, 2021, to December 31, 2022, dropping from 46.58 to 42.22. This decrease suggests a potential decrease in the company's ability to generate revenue from its fixed assets during this period.

The ratio then recovered slightly by March 31, 2023, reaching 114.14. The subsequent quarters showed a fluctuating trend around the 45 to 48 range, indicating some stability in the efficiency of fixed asset utilization.

As of the latest available data, the fixed asset turnover ratio for M/I Homes Inc was not reported for the period from December 31, 2023, to December 31, 2024. This could be due to various reasons such as changes in reporting practices, incomplete data, or specific company developments.

Overall, the trend in the fixed asset turnover ratio for M/I Homes Inc demonstrates both periods of efficiency improvements and declines in utilizing fixed assets to generate revenue. Further analysis and consideration of company-specific factors would be necessary to fully understand the implications of these fluctuations.