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MHO (M/I Homes) Days Payable : 28.72 (As of Jun. 2024)


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What is M/I Homes Days Payable?

M/I Homes's average Accounts Payable for the three months ended in Jun. 2024 was $252 Mil. M/I Homes's Cost of Goods Sold for the three months ended in Jun. 2024 was $801 Mil. Hence, M/I Homes's Days Payable for the three months ended in Jun. 2024 was 28.72.

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: 29.23
Current: 29.23

During the past 13 years, M/I Homes's highest Days Payable was 29.23. The lowest was 23.34. And the median was 26.00.

MHO's Days Payable is ranked worse than
59.78% of 92 companies
in the Homebuilding & Construction industry
Industry Median: 38.87 vs MHO: 29.23

M/I Homes's Days Payable increased from Jun. 2023 (28.56) to Jun. 2024 (28.72). 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 Days Payable Chart

M/I Homes Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.34 24.01 27.67 27.96 26.23

M/I Homes Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.56 30.76 28.55 25.68 28.72

Competitive Comparison of M/I Homes's Days Payable

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's Days Payable Distribution in the Homebuilding & Construction Industry

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 Jun. 2024 is calculated as:

Days Payable (Q: Jun. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2024 ) + Accounts Payable (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (224.972 + 278.859) / 2 ) / 800.501*365 / 4
=251.9155 / 800.501*365 / 4
=28.72

* 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.


M/I Homes Days Payable Related Terms

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M/I Homes Business Description

Traded in Other Exchanges
Address
4131 Worth Avenue, Suite 500, Columbus, OH, USA, 43219
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
Robert H Schottenstein director, officer: Chairman, CEO & President
Ann Marie Hunker officer: Principal Accounting Officer
Phillip G Creek director, officer: Ex. Vice President and CFO
Susan E Krohne officer: Chief Legal Officer, Secretary 4131 WORTH AVE, SUITE 500, COLUMBUS OH 43219
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