M/I Homes Inc (MHO)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,033,500 | 4,131,390 | 3,745,890 | 3,046,140 | 2,500,290 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,033,500K ÷ $—K
= —
To calculate the Receivables Turnover for MI Homes Inc., the formula is:
Receivables Turnover = Net Credit Sales / Average Accounts Receivable
However, as the specific values for Net Credit Sales and Accounts Receivable are not provided in the table, the Receivables Turnover ratio cannot be directly calculated.
The Receivables Turnover ratio is a measure of how efficiently a company collects its outstanding accounts receivable during a period. A higher ratio indicates a shorter time taken to collect receivables, which is generally seen as favorable as it implies better liquidity and cash flow management.
For a more in-depth analysis, further financial data such as sales figures and accounts receivable balances would be needed to compute the ratio. This ratio can then be compared over multiple years to assess any trends in the company's accounts receivable management.
Peer comparison
Dec 31, 2023