M/I Homes Inc (MHO)
Cash conversion cycle
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 22.19 | 361.15 | 350.65 | 349.95 | 341.38 | 358.39 | 350.88 | 336.17 | 338.67 | 309.80 | 305.99 | 295.86 | 334.39 | 372.85 | 348.02 | 322.74 | 315.53 | 308.51 | 275.02 | 282.23 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | 0.02 | 0.08 | — | — | 0.06 | 5.38 | — | — | — | — | — |
| Number of days of payables | days | 19.46 | 27.97 | 27.58 | 25.58 | 21.93 | 29.98 | 33.30 | 27.26 | 24.78 | 28.37 | 30.14 | 23.73 | 27.02 | 36.62 | 41.53 | 35.94 | 31.46 | 30.43 | 30.03 | 28.53 |
| Cash conversion cycle | days | 2.73 | 333.19 | 323.07 | 324.36 | 319.45 | 328.41 | 317.58 | 308.91 | 313.89 | 281.45 | 275.93 | 272.13 | 307.36 | 336.29 | 311.86 | 286.81 | 284.07 | 278.08 | 245.00 | 253.70 |
December 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 22.19 + — – 19.46
= 2.73
Peer comparison
Dec 31, 2025
Company name
Symbol
Cash conversion cycle
M/I Homes Inc
MHO
2.73
DR Horton Inc
DHI
336.11
KB Home
KBH
404.44
Lennar Corporation
LEN
145.90
Meritage Corporation
MTH
482.19
NVR Inc
NVR
80.92
PulteGroup Inc
PHM
351.19
Toll Brothers Inc
TOL
452.66