$M/I Homes (MHO.US)$Revenue, operating profit, and net profi...
$M/I Homes(MHO.US$Revenue, operating profit, and net profit have continued to grow over the past 5 years. Growth continued in 2023Q1, and Q2 began to decline. In the first half of 2023, revenue increased 6%, operating profit shrank by 6.7%, and net profit shrank by 3.3%. There is no interest burden.
Over the past five years, the balance ratio fell from 57.7% to 44.3%, and fell further to 40.5% in 2023Q2.
Inventories of 2,829 million in 2022 accounted for 68.5% of that year's revenue, which is a medium level within the sector.
Long-term loans amounted to $880 million, accounting for 38.3% of net assets of $2,298 million. The leverage ratio was not high.
In recent years, due to excessive inventory growth, net operating amount has not been very good. Inventory has declined rapidly in the last two quarters, and cash flow has improved a lot.
Currently, the price-earnings ratio is 5.67, and the price-earnings ratio TTM has increased slightly to 5.72. Considering sector cycle issues, you can only choose carefully (⭐️)
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