M/I Homes (M/I Homes) Change In Inventory : $-129 Mil (TTM As of Mar. 2024)

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What is M/I Homes Change In Inventory?

M/I Homes's change in inventory for the quarter that ended in Mar. 2024 was $0 Mil. It means M/I Homes's inventory stayed the same from Dec. 2023 to Mar. 2024 .

M/I Homes's change in inventory for the fiscal year that ended in Dec. 2023 was $47 Mil. It means M/I Homes's inventory declined by $47 Mil from Dec. 2022 to Dec. 2023 .

M/I Homes's Total Inventories for the quarter that ended in Mar. 2024 was $2,774 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. M/I Homes's Days Inventory for the quarter that ended in Mar. 2024 was 329.91.

Inventory Turnover measures how fast the company turns over its inventory within a year. M/I Homes's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.28.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. M/I Homes's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.64.

M/I Homes Change In Inventory Historical Data

The historical data trend for M/I Homes's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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M/I Homes Change In Inventory Chart

M/I Homes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-88.36

-134.94

-508.19

-348.65

46.73

M/I Homes Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															175.32	-18.27	-48.42	-61.90	-

M/I Homes Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-129 Mil.

M/I Homes (NYSE:MHO) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

M/I Homes's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2759.854	/	763.36	*	365 / 4
	=	329.91

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

M/I Homes's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	763.36	/	2759.854
	=	0.28

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

M/I Homes's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2759.854	/	1046.703
	=	2.64

M/I Homes Change In Inventory Related Terms

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M/I Homes (M/I Homes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » M/I Homes Inc (NYSE:MHO) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

4MI:Germany 4MI:Germany

Address

4131 Worth Avenue, Suite 500, Columbus, OH, USA, 43219

Website

https://www.mihomes.com

M/I Homes Inc is an American construction company that focuses on residential construction. It consists of two distinct operations: homebuilding and financial services. The homebuilding operations are spread into the Midwest, Mid-Atlantic, and Southern regions and the financial services operations support homebuilding operations by providing mortgage loans and title services to the customers of homebuilding operations. Homebuilding operations comprise the most significant portion of the revenue. The company builds homes and communities that target entry-level, move-up, and luxury homebuyers.

Executives

Susan E Krohne	officer: Chief Legal Officer, Secretary	4131 WORTH AVE, SUITE 500, COLUMBUS OH 43219
Phillip G Creek	director, officer: Ex. Vice President and CFO
Robert H Schottenstein	director, officer: Chairman, CEO & President
Ann Marie Hunker	officer: Principal Accounting Officer
Bruce A Soll	director	17655 WATERVIEW PKWY, DALLAS TX 75252
Norman L Traeger	director
J Thomas Mason	director, officer: Ex. VP & Chief Legal Officer	3 EASTON OVAL, SUITE 500, COLUMBUS OH 43219
Kumi D Walker	director	17 STANBERRY AVENUE, BEXLEY OH 43209
William H Carter	director	C/O MOMENTIVE SPECIALTY CHEMICALS INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Michael P Glimcher	director	C/O GLIMCHER REALTY TRUST, 180 EAST BROAD STREET, COLUMBUS OH 43215
Nancy J Kramer	director
Friedrich Km Bohm	director
Elizabeth K Ingram	director	555 W. GOODALE STREET, COLUMBUS OH 43215
Thomas D Igoe	director
Sharen J Turney	director	THREE LIMITED PARKWAY, COLUMBUS OH 43230