MHO Total Revenue vs Depreciation And Amortization Analysis
MHO Stock | USD 167.03 2.70 1.64% |
MI Homes financial indicator trend analysis is infinitely more than just investigating MI Homes recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MI Homes is a good investment. Please check the relationship between MI Homes Total Revenue and its Depreciation And Amortization accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MI Homes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. To learn how to invest in MHO Stock, please use our How to Invest in MI Homes guide.
Total Revenue vs Depreciation And Amortization
Total Revenue vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MI Homes Total Revenue account and Depreciation And Amortization. At this time, the significance of the direction appears to have strong relationship.
The correlation between MI Homes' Total Revenue and Depreciation And Amortization is 0.76. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of MI Homes, assuming nothing else is changed. The correlation between historical values of MI Homes' Total Revenue and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of MI Homes are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Total Revenue i.e., MI Homes' Total Revenue and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Revenue
Total revenue comprises all receipts MI Homes generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Most indicators from MI Homes' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MI Homes current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MI Homes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. To learn how to invest in MHO Stock, please use our How to Invest in MI Homes guide.At this time, MI Homes' Sales General And Administrative To Revenue is very stable compared to the past year. As of the 10th of November 2024, Enterprise Value is likely to grow to about 3.8 B, while Selling General Administrative is likely to drop about 131.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 908.9M | 1.0B | 1.0B | 1.1B | Total Revenue | 3.7B | 4.1B | 4.0B | 4.2B |
MI Homes fundamental ratios Correlations
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MI Homes Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MI Homes fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.1B | 2.6B | 3.2B | 3.7B | 4.0B | 4.2B | |
Short Long Term Debt Total | 773.2M | 924.4M | 1.2B | 1.2B | 936.5M | 495.2M | |
Other Current Liab | (176.8M) | (298.3M) | (374.0M) | (400.2M) | 26.9M | 28.2M | |
Total Current Liabilities | 125.0M | 185.7M | 244.5M | 228.6M | 482.5M | 506.7M | |
Total Stockholder Equity | 1.0B | 1.3B | 1.6B | 2.1B | 2.5B | 2.6B | |
Property Plant And Equipment Net | 40.5M | 78.9M | 88.6M | 97.9M | 91.3M | 95.8M | |
Net Debt | 767.1M | 663.5M | 777.1M | 688.0M | 203.7M | 383.9M | |
Retained Earnings | 708.6M | 948.5M | 1.3B | 1.8B | 2.3B | 2.4B | |
Accounts Payable | 125.0M | 185.7M | 244.5M | 228.6M | 204.7M | 214.9M | |
Cash | 6.1M | 260.8M | 236.4M | 311.5M | 732.8M | 769.4M | |
Non Current Assets Total | 174.8M | 231.3M | 275.4M | 332.2M | 338.3M | 355.2M | |
Non Currrent Assets Other | 70.3M | 95.2M | 103.0M | 148.4M | 67.7M | 56.8M | |
Cash And Short Term Investments | 6.1M | 260.8M | 236.4M | 311.5M | 732.8M | 769.4M | |
Net Receivables | (654.0K) | (1.7M) | 1.0 | (787K) | (3.6M) | (3.4M) | |
Common Stock Shares Outstanding | 28.5M | 29.2M | 29.9M | 28.5M | 28.7M | 23.8M | |
Liabilities And Stockholders Equity | 2.1B | 2.6B | 3.2B | 3.7B | 4.0B | 4.2B | |
Inventory | 1.8B | 1.9B | 2.5B | 2.8B | 2.8B | 2.9B | |
Other Stockholder Equity | 294.6M | 309.9M | 278.6M | 234.4M | 215.3M | 137.3M | |
Total Liab | 1.1B | 1.4B | 1.6B | 1.6B | 1.5B | 1.6B | |
Property Plant And Equipment Gross | 40.5M | 78.9M | 88.6M | 97.9M | 116.7M | 122.6M | |
Total Current Assets | 1.9B | 2.4B | 3.0B | 3.4B | 3.7B | 3.9B | |
Short Term Debt | 142.4M | 225.6M | 266.2M | 307.1M | 165.8M | 138.5M | |
Non Current Liabilities Total | 977.1M | 1.2B | 1.4B | 1.4B | 1.0B | 562.8M | |
Other Current Assets | 155.2M | 234.3M | 275.7M | 242.5M | 176.3M | 98.7M | |
Other Liab | 134.0M | 274.3M | 357.7M | 303.3M | 348.8M | 366.3M | |
Other Assets | 39.8M | 101.4M | 285.9M | 2.1B | 1.0 | 0.95 | |
Long Term Debt | 142.7M | 229.7M | 962.0M | 938.2M | 859.6M | 902.6M | |
Short Term Investments | 654K | 1.7M | 57.1M | 51.6M | 3.6M | 3.4M | |
Treasury Stock | (38.3M) | (29.1M) | (68.9M) | (118.2M) | (106.4M) | (101.1M) | |
Property Plant Equipment | 22.1M | 26.6M | 88.6M | 97.9M | 112.5M | 118.2M | |
Current Deferred Revenue | 34.5M | 72.6M | 107.9M | 93.1M | 85.1M | 89.4M | |
Intangible Assets | 9.6M | 9.2M | 8.4M | 15.8M | 10.7M | 7.4M | |
Retained Earnings Total Equity | 708.6M | 948.5M | 1.3B | 1.8B | 2.1B | 2.2B | |
Deferred Long Term Liab | 5.7M | 10.1M | 8.2M | 5.7M | 6.6M | 5.1M |
Pair Trading with MI Homes
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if MI Homes position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MI Homes will appreciate offsetting losses from the drop in the long position's value.Moving together with MHO Stock
Moving against MHO Stock
The ability to find closely correlated positions to MI Homes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MI Homes when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MI Homes - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MI Homes to buy it.
The correlation of MI Homes is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MI Homes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MI Homes moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for MI Homes can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MI Homes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. To learn how to invest in MHO Stock, please use our How to Invest in MI Homes guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Is Household Durables space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MI Homes. If investors know MHO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MI Homes listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.058 | Earnings Share 18.62 | Revenue Per Share 153.475 | Quarterly Revenue Growth 0.092 | Return On Assets 0.0973 |
The market value of MI Homes is measured differently than its book value, which is the value of MHO that is recorded on the company's balance sheet. Investors also form their own opinion of MI Homes' value that differs from its market value or its book value, called intrinsic value, which is MI Homes' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MI Homes' market value can be influenced by many factors that don't directly affect MI Homes' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MI Homes' value and its price as these two are different measures arrived at by different means. Investors typically determine if MI Homes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MI Homes' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.