M/I Homes Inc (MHO)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,504,670 | 4,033,500 | 4,131,390 | 3,745,890 | 3,046,140 |
| Total assets | US$ in thousands | 4,549,800 | 4,022,440 | 3,714,920 | 3,239,850 | 2,643,040 |
| Total asset turnover | 0.99 | 1.00 | 1.11 | 1.16 | 1.15 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,504,670K ÷ $4,549,800K
= 0.99
Total Asset Turnover is a financial ratio that evaluates a company's efficiency in generating sales revenue from its total assets. The ratio for M/I Homes Inc has shown some fluctuations over the years:
- In December 31, 2020, the total asset turnover ratio was 1.15, indicating that the company generated $1.15 in sales for every $1 of total assets.
- The ratio increased slightly to 1.16 by December 31, 2021, suggesting an improved efficiency in utilizing assets to generate revenue.
- However, there was a decline in the ratio to 1.11 by December 31, 2022, which may imply a slight decrease in asset efficiency in generating sales.
- Subsequently, the total asset turnover ratio dropped to 1.00 by December 31, 2023, and further decreased to 0.99 by December 31, 2024, indicating a potential decline in the company's ability to generate sales relative to its total asset base.
Overall, M/I Homes Inc's total asset turnover ratio has shown some variability, with a trend of decline in recent years, which may warrant further investigation into the company's asset management and sales generation strategies.
Peer comparison
Dec 31, 2024