M/I Homes (M/I Homes) COGS-to-Revenue : 0.75 (As of Dec. 2023)

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What is M/I Homes COGS-to-Revenue?

M/I Homes's Cost of Goods Sold for the three months ended in Dec. 2023 was $728 Mil. Its Revenue for the three months ended in Dec. 2023 was $973 Mil.

M/I Homes's COGS to Revenue for the three months ended in Dec. 2023 was 0.75.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. M/I Homes's Gross Margin % for the three months ended in Dec. 2023 was 25.13%.

M/I Homes COGS-to-Revenue Historical Data

The historical data trend for M/I Homes's COGS-to-Revenue 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 COGS-to-Revenue Chart

M/I Homes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.80

0.78

0.76

0.75

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
COGS-to-Revenue	Get a 7-Day Free Trial															0.77	0.77	0.75	0.73	0.75

M/I Homes COGS-to-Revenue Calculation

M/I Homes's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3014.573	/	4033.502
	=	0.75

M/I Homes's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	728.202	/	972.588
	=	0.75

M/I Homes (NYSE:MHO) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

M/I Homes's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	728.202 / 972.588
	=	25.13 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

M/I Homes COGS-to-Revenue 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 » COGS-to-Revenue

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