M/I Homes Inc (MHO)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for MI Homes Inc. is not provided in the table for the years ending December 31, 2019, 2020, 2021, 2022, and 2023. Without this specific information, it is challenging to assess the company's efficiency in managing its accounts payable turnover and its ability to pay off its short-term obligations within a reasonable timeframe.
To perform a thorough analysis of MI Homes Inc.'s number of days of payables, it would be necessary to calculate this financial metric using the company's accounts payable balance and cost of goods sold figures from the respective financial statements for each year. This calculation would shed light on the average number of days it takes for the company to settle its payables, providing insight into its liquidity and creditor payment practices.
In the absence of the specific data required for the calculation, a comprehensive evaluation of MI Homes Inc.'s payables turnover efficiency and cash flow management capabilities cannot be conducted. It is recommended to obtain the necessary financial information to perform a detailed assessment of the company's payables cycle and make informed conclusions about its financial health and operational efficiency.
Peer comparison
Dec 31, 2023