M/I Homes (M/I Homes) Accounts Payable & Accrued Expense : $224.97 Mil (As of Mar. 2024)

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What is M/I Homes Accounts Payable & Accrued Expense?

M/I Homes's quarterly accounts payable & accrued expense declined from Sep. 2023 ($250.94 Mil) to Dec. 2023 ($204.68 Mil) but then increased from Dec. 2023 ($204.68 Mil) to Mar. 2024 ($224.97 Mil).

M/I Homes's annual accounts payable & accrued expense declined from Dec. 2021 ($244.51 Mil) to Dec. 2022 ($228.60 Mil) and declined from Dec. 2022 ($228.60 Mil) to Dec. 2023 ($204.68 Mil).

M/I Homes Accounts Payable & Accrued Expense Historical Data

The historical data trend for M/I Homes's Accounts Payable & Accrued Expense 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 Accounts Payable & Accrued Expense Chart

M/I Homes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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125.03

185.67

244.51

228.60

204.68

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
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															208.43	264.66	250.94	204.68	224.97

M/I Homes Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

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

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » M/I Homes Inc (NYSE:MHOPRACL.PFD) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

MHO:USA 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.