M/I Homes Inc (MHO)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 26.56% | 26.84% | 26.79% | 26.18% | 25.32% | 24.52% | 24.48% | 24.94% | 25.27% | 25.54% | 24.96% | 24.35% | 24.26% | 24.28% | 23.89% | 23.11% | 22.20% | 21.18% | 20.47% | 19.77% |
| Operating profit margin | 15.55% | 15.66% | 15.86% | 15.36% | 14.63% | 14.53% | 14.53% | 15.20% | 15.43% | 15.46% | 14.80% | 14.03% | 13.84% | 13.36% | 12.75% | 11.66% | 10.48% | 9.44% | 8.59% | 7.81% |
| Pretax margin | 16.30% | 16.41% | 16.53% | 15.97% | 15.04% | 14.81% | 14.66% | 15.19% | 15.38% | 15.44% | 14.57% | 13.79% | 13.59% | 13.04% | 12.66% | 11.49% | 10.18% | 9.00% | 7.98% | 7.08% |
| Net profit margin | 12.52% | 12.54% | 12.67% | 12.26% | 11.53% | 11.47% | 11.38% | 11.75% | 11.88% | 11.94% | 11.23% | 10.69% | 10.59% | 10.10% | 9.77% | 8.89% | 7.87% | 6.99% | 6.17% | 5.45% |
M/I Homes Inc has shown a steady improvement in its profitability ratios over the years. The gross profit margin has increased from 19.77% as of March 31, 2020, to 26.56% as of December 31, 2024, indicating the company's ability to control production costs and generate more profit from its sales.
The operating profit margin has also shown an upward trend, rising from 7.81% in March 31, 2020, to 15.55% in December 31, 2024. This suggests that the company has been able to improve its operational efficiency and manage its expenses effectively.
Furthermore, M/I Homes Inc's pretax margin and net profit margin have also increased gradually over the years, reaching 16.30% and 12.52% respectively by December 31, 2024. This indicates the company's success in generating higher profits relative to its revenues and controlling its pre-tax and net income.
Overall, M/I Homes Inc's profitability ratios reflect a positive trend, demonstrating the company's ability to enhance its overall profitability and financial performance over the years.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 15.39% | 15.00% | 15.26% | 14.87% | 14.60% | 15.53% | 15.98% | 17.25% | 17.16% | 17.09% | 16.35% | 16.03% | 16.00% | 15.79% | 15.80% | 14.19% | 12.08% | 11.24% | 9.91% | 9.22% |
| Return on assets (ROA) | 12.39% | 12.01% | 12.19% | 11.88% | 11.51% | 12.25% | 12.51% | 13.34% | 13.21% | 13.20% | 12.40% | 12.21% | 12.25% | 11.93% | 12.10% | 10.81% | 9.08% | 8.33% | 7.13% | 6.44% |
| Return on total capital | 11.99% | 23.85% | 24.15% | 23.74% | 23.37% | 25.46% | 26.65% | 29.54% | 30.69% | 31.58% | 31.34% | 30.98% | 31.72% | 31.52% | 31.16% | 28.80% | 25.80% | 23.34% | 21.25% | 19.69% |
| Return on equity (ROE) | 12.39% | 18.82% | 19.30% | 18.96% | 18.49% | 20.22% | 21.02% | 22.99% | 23.70% | 24.44% | 23.82% | 23.70% | 24.43% | 23.54% | 23.60% | 21.65% | 19.06% | 17.16% | 15.16% | 13.65% |
M/I Homes Inc's profitability ratios reflect a positive trend over the analyzed period.
1. Operating Return on Assets (Operating ROA): This ratio measures the company's operating income generated per dollar of assets. M/I Homes Inc's Operating ROA has steadily increased from 9.22% as of March 31, 2020, to 17.16% as of December 31, 2022, indicating improving operational efficiency and asset utilization.
2. Return on Assets (ROA): ROA indicates the company's overall efficiency in generating profits from its assets. M/I Homes Inc's ROA has also shown a positive trajectory, rising from 6.44% on March 31, 2020, to 12.39% on December 31, 2024, underscoring effective asset management.
3. Return on Total Capital: This ratio evaluates the returns generated from both equity and debt capital. M/I Homes Inc's Return on Total Capital peaked at 31.72% on December 31, 2021, before declining to 11.99% on December 31, 2024. The fluctuations suggest changing capital structure and utilization.
4. Return on Equity (ROE): ROE signifies the return earned on shareholders' equity. M/I Homes Inc's ROE exhibited a similar pattern to ROA, climbing from 13.65% on March 31, 2020, to 24.43% on December 31, 2021, then dropping to 12.39% on December 31, 2024, possibly due to changes in profitability and equity levels.
Overall, M/I Homes Inc has demonstrated a positive trend in profitability ratios, signaling effective asset management, operational performance, and capital utilization. The fluctuations in some ratios may reflect changes in the company's financial structure and performance.