M/I Homes Inc (MHO)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,501,490 | 4,272,008 | 4,175,468 | 4,080,238 | 4,036,708 | 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 |
| Total assets | US$ in thousands | 4,549,800 | 4,459,860 | 4,340,070 | 4,211,950 | 4,044,540 | 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 |
| Total asset turnover | 0.99 | 0.96 | 0.96 | 0.97 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,501,490K ÷ $4,549,800K
= 0.99
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its total assets. For M/I Homes Inc, the total asset turnover has fluctuated over the years. It was relatively stable around 1.15 to 1.25 from March 2020 to June 2023, indicating that the company was able to generate sales effectively from its assets during this period.
However, starting from September 2023, the total asset turnover ratio began to decline gradually, reaching its lowest point of 0.96 by December 2024. This downward trend suggests that M/I Homes Inc may be experiencing challenges in efficiently utilizing its assets to generate sales revenue during this period.
It is important for investors and stakeholders to monitor this trend closely as a declining total asset turnover ratio could indicate potential operational inefficiencies or declining sales performance relative to the company's asset base. Additional analysis of the company's operations and financial health would be necessary to understand the underlying factors contributing to the changes in the total asset turnover ratio.
Peer comparison
Dec 31, 2024