M/I Homes Inc (MHO)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 587,222 | 637,451 | 518,296 | 319,261 | 187,089 |
| Revenue | US$ in thousands | 4,033,500 | 4,131,390 | 3,745,890 | 3,046,140 | 2,500,290 |
| Operating profit margin | 14.56% | 15.43% | 13.84% | 10.48% | 7.48% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $587,222K ÷ $4,033,500K
= 14.56%
Operating profit margin measures the company's efficiency in generating profit from its core operations. MI Homes Inc. has shown a positive trend in its operating profit margin over the past five years. The margin has steadily increased from 6.83% in 2019 to 14.56% in 2023. This indicates that the company has been able to improve its operational efficiency and control costs effectively. The consistent improvement in operating profit margin signifies a stronger financial performance and profitability for MI Homes Inc. The company's ability to maintain and increase its operating profit margin reflects sound management and operational strategies.
Peer comparison
Dec 31, 2023