M/I Homes Inc (MHO)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	575,782	620,752	615,916	648,122	636,664	612,296	570,221	529,070	517,531	480,342	451,218	383,743	318,117	358,550	396,635	442,225	489,427	476,691	458,323	447,256
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
Gross profit margin		14.28%	14.51%	14.51%	15.17%	15.41%	15.44%	14.78%	14.00%	13.82%	13.34%	12.73%	11.64%	10.44%	12.44%	14.76%	17.03%	19.57%	19.22%	19.14%	19.20%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $575,782K ÷ $4,033,498K
= 14.28%

MI Homes Inc. has consistently maintained a gross profit margin of 100% across all quarters of the past two years. A gross profit margin of 100% indicates that the company is effectively managing its production costs and generating significant profits from its homebuilding operations. This level of consistency may suggest strong pricing strategies, cost control measures, and operational efficiencies within the company. It is noteworthy that MI Homes Inc. has been able to sustain such a high gross profit margin over an extended period, which reflects positively on its overall financial health and performance in the residential construction industry.