M/I Homes Inc (MHO)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,458,470 | 3,495,570 | 3,229,230 | 2,729,310 | 2,010,860 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $3,458,470K ÷ $—K
= —
The payables turnover ratio for MI Homes Inc. has been consistently reported as 0.00 for the past five years (from 2019 to 2023). This implies that the company is not effectively managing its accounts payable during this period. A low or zero payables turnover ratio could indicate that MI Homes Inc. is taking too long to pay its suppliers, which may result in strained relationships or potential cash flow issues. Additionally, it could indicate inefficiencies in the company's accounts payable processes or a lack of negotiation power with suppliers. Further analysis of the company's payables management practices and working capital efficiency is recommended to understand the underlying reasons for the consistent 0.00 payables turnover ratio.
Peer comparison
Dec 31, 2023