M/I Homes Inc (MHO)

Total asset 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
Revenue (ttm)	US$ in thousands	4,033,498	4,277,910	4,244,470	4,271,110	4,131,391	3,966,141	3,857,530	3,777,920	3,745,885	3,600,562	3,544,164	3,297,318	3,046,145	2,881,868	2,687,292	2,596,784	2,500,290	2,480,625	2,395,122	2,329,534
Total assets	US$ in thousands	4,022,440	4,003,370	3,861,750	3,762,370	3,714,920	3,587,910	3,493,320	3,306,510	3,239,850	3,046,600	2,861,410	2,709,560	2,643,040	2,420,560	2,327,710	2,198,960	2,105,590	2,181,600	2,089,210	2,071,780
Total asset turnover		1.00	1.07	1.10	1.14	1.11	1.11	1.10	1.14	1.16	1.18	1.24	1.22	1.15	1.19	1.15	1.18	1.19	1.14	1.15	1.12

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,033,498K ÷ $4,022,440K
= 1.00

Based on the data provided, MI Homes Inc.'s total asset turnover has shown a relatively stable trend over the past eight quarters. The total asset turnover ratio measures the efficiency of the company in generating sales revenue from its total assets.

The company's total asset turnover has ranged from 1.00 to 1.14 during the periods indicated. A total asset turnover ratio of 1.00 indicates that the company is generating revenue equal to its total assets, while ratios above 1.00 imply strong asset utilization efficiency.

MI Homes Inc. has generally maintained a total asset turnover ratio above 1.00, indicating efficient utilization of its assets to generate sales. The slight fluctuations in the ratio over the quarters suggest that the company has been effectively managing its assets to support revenue generation.

Overall, the consistently healthy total asset turnover ratios suggest that MI Homes Inc. is efficiently using its assets to drive sales and generate revenue.