M/I Homes Inc (MHO)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 295.27 | 273.52 | 270.29 | 267.72 | 295.43 | 328.31 | 312.70 | 290.14 | 277.27 | 275.27 | 245.05 | 245.61 | 256.44 | 266.65 | 291.73 | 308.75 | 321.19 | 332.79 | 332.34 | 335.62 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 295.27 | 273.52 | 270.29 | 267.72 | 295.43 | 328.31 | 312.70 | 290.14 | 277.27 | 275.27 | 245.05 | 245.61 | 256.44 | 266.65 | 291.73 | 308.75 | 321.19 | 332.79 | 332.34 | 335.62 |
December 31, 2023 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 295.27 + — – —
= 295.27
MI Homes Inc. has consistently reported a cash conversion cycle of 0.00 days throughout the quarters in the past year. This indicates that the company is efficiently managing its cash resources, inventory, and accounts receivable, resulting in a swift conversion of its investment in raw materials and work-in-progress into cash from sales. A cash conversion cycle of zero days suggests that MI Homes Inc. is effectively balancing its working capital components, allowing for a seamless flow of funds within its operations. This efficiency in cash management can contribute to improved liquidity and financial performance for the company in the long run.
Peer comparison
Dec 31, 2023