M/I Homes Inc (MHO)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,457,720 | 3,657,161 | 3,628,554 | 3,622,989 | 3,494,728 | 3,353,849 | 3,287,315 | 3,248,852 | 3,228,356 | 3,120,220 | 3,092,946 | 2,913,575 | 2,728,028 | 2,523,318 | 2,290,657 | 2,154,559 | 2,010,863 | 2,003,934 | 1,936,799 | 1,882,278 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,457,720K ÷ $—K
= —
The payables turnover ratio for MI Homes Inc. has consistently been reported as 0.00 across all quarters presented in the table. This implies that the company is not effectively managing its accounts payable within the given timeframe. A payables turnover ratio of 0.00 may indicate that the company is not efficiently utilizing its suppliers' credit terms or may be experiencing challenges in paying off its suppliers in a timely manner. A low or zero payables turnover ratio can also suggest potential liquidity issues or inefficiencies in the company's working capital management. It is important for MI Homes Inc. to analyze the reasons behind this consistently low ratio and take necessary steps to improve its accounts payable management in order to enhance its financial performance and operational efficiency.
Peer comparison
Dec 31, 2023