M/I Homes Inc (MHO)
Profitability ratios
Return on sales
| 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 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% |
| Operating profit margin | 14.56% | 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% | 7.48% | 7.29% | 7.10% | 6.97% |
| Pretax margin | 15.06% | 14.81% | 14.66% | 15.19% | 15.37% | 15.44% | 14.57% | 13.79% | 13.59% | 13.04% | 12.66% | 11.49% | 10.18% | 9.00% | 7.98% | 7.08% | 6.64% | 6.42% | 6.21% | 6.05% |
| Net profit margin | 11.54% | 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% | 5.10% | 4.77% | 4.58% | 4.61% |
MI Homes Inc. has consistently maintained a strong gross profit margin of 100% across all quarters, indicating efficient cost management in producing its homes. The operating profit margin ranged from 14.56% to 15.87% over the past eight quarters, suggesting that the company effectively controls its operating expenses to generate profits from its core business activities.
The pretax margin, which reflects MI Homes Inc.'s profitability before taxes, fluctuated between 13.79% and 15.44% during the same period. This indicates the company's ability to manage its tax liabilities and generate solid earnings.
Furthermore, the net profit margin, representing the company's bottom line profitability, ranged from 10.69% to 11.88% over the last eight quarters. The consistent profitability suggests MI Homes Inc.'s ability to generate earnings after all expenses have been accounted for, indicating a healthy financial performance.
Overall, MI Homes Inc. demonstrates good profitability levels across all key margin ratios, showcasing effective cost management and operational efficiency in the homebuilding industry.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 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% | 8.89% | 8.29% | 8.14% | 7.84% |
| Return on assets (ROA) | 11.57% | 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% | 6.06% | 5.42% | 5.25% | 5.18% |
| Return on total capital | 23.15% | 25.41% | 26.57% | 29.37% | 30.35% | 31.22% | 30.45% | 30.38% | 31.09% | 30.27% | 30.51% | 28.20% | 25.24% | 23.02% | 20.89% | 19.34% | 18.43% | 18.69% | 18.84% | 18.62% |
| Return on equity (ROE) | 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% | 12.71% | 12.38% | 12.13% | 12.32% |
MI Homes Inc. has demonstrated solid profitability performance based on its operating return on assets (Operating ROA) which ranged between 14.60% to 17.74% over the past eight quarters. This indicates the company's ability to generate profits from its operating activities relative to its total assets.
The Return on Assets (ROA) for MI Homes Inc. ranged from 11.57% to 13.34% during the same period, showing consistent profitability in utilizing its assets to generate earnings.
The Return on Total Capital ratios have shown an upward trend, ranging from 17.39% to 21.53%, suggesting the efficient use of all capital invested in the business to generate returns.
MI Homes Inc. has maintained strong Return on Equity (ROE) figures between 18.49% and 22.99%, indicating the company's ability to generate profits relative to the shareholders' equity. This suggests that the company is effectively utilizing shareholders' funds to generate earnings.
Overall, MI Homes Inc. appears to be efficiently managing its assets, capital, and equity to generate consistent profitability, as reflected in its strong profitability ratios over the past eight quarters. This indicates effective operational performance and financial management by the company.