M/I Homes (NYSE:MHO) Is Looking To Continue Growing Its Returns On Capital [Yahoo! Finance]
M/I Homes, Inc. (MHO)
Last m/i homes, inc. earnings: 4/29 08:30 am
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mihomes.com/support/investors
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Source: Yahoo! Finance
return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. So when we looked at M/I Homes NYSE:MHO ) and its trend of ROCE, we really liked what we saw. What Is Return On Capital Employed (ROCE)? If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on M/I Homes is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.17 = US$650m ÷ (US$4.3b - US$537m) (Based on the trailing twelve months to June 2024) So, M/I Homes has an ROCE of 17%. In absolute terms, that's a satisfactory return, but compared to the Consumer Durables industry average of 14% it's much better. Above you can see how the current ROCE for M/I Homes c
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News
- Declining Stock and Solid Fundamentals: Is The Market Wrong About M/I Homes, Inc. (NYSE:MHO)? [Yahoo! Finance]Yahoo! Finance
- Should Value Investors Buy MI Homes (MHO) Stock? [Yahoo! Finance]Yahoo! Finance
- M/I Homes, Inc. (NYSE: MHO) was upgraded by analysts at Wedbush from a "neutral" rating to an "outperform" rating. They now have a $185.00 price target on the stock, up previously from $155.00.MarketBeat
- M/I Homes, Inc. (NYSE: MHO) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- M/I Homes Reports 2024 Third Quarter ResultsPR Newswire
MHO
Earnings
- 10/30/24 - Beat
MHO
Sec Filings
- 11/14/24 - Form 4
- 11/13/24 - Form 4
- 11/13/24 - Form 4
- MHO's page on the SEC website