M/I Homes (M/I Homes) Days Payable

: 28.55 (As of Dec. 2023)

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M/I Homes's average Accounts Payable for the three months ended in Dec. 2023 was $228 Mil. M/I Homes's Cost of Goods Sold for the three months ended in Dec. 2023 was $728 Mil. Hence, M/I Homes's Days Payable for the three months ended in Dec. 2023 was 28.55.

The historical rank and industry rank for M/I Homes's Days Payable or its related term are showing as below:

MHO' s Days Payable Range Over the Past 10 Years
Min: 23.34 Med: 26 Max: 28.02
Current: 28.02

During the past 13 years, M/I Homes's highest Days Payable was 28.02. The lowest was 23.34. And the median was 26.00.

MHO's Days Payable is ranked worse than
58% of 100 companies
in the Homebuilding & Construction industry
Industry Median: 40.65 vs MHO: 28.02

M/I Homes's Days Payable increased from Dec. 2022 (25.41) to Dec. 2023 (28.55). It may suggest that M/I Homes delayed paying its suppliers.

M/I Homes Days Payable Historical Data

The historical data trend for M/I Homes's Days Payable 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.

* Premium members only.

M/I Homes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

23.34

24.01

27.67

27.96

26.23

M/I Homes Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															25.41	26.03	28.56	30.76	28.55

Competitive Comparison

For the Residential Construction subindustry, M/I Homes's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

M/I Homes Days Payable Distribution

For the Homebuilding & Construction industry and Consumer Cyclical sector, M/I Homes's Days Payable distribution charts can be found below:

* The bar in red indicates where M/I Homes's Days Payable falls into.

M/I Homes Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

M/I Homes's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (228.597	+	204.678)	/	2 )	/	3014.573	*	365
=	216.6375					/	3014.573	*	365
=	26.23

M/I Homes's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (250.937	+	204.678)	/	2 )	/	728.202	*	365 / 4
=	227.8075					/	728.202	*	365 / 4
=	28.55

M/I Homes Days Payable 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 » Days Payable

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