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M/I Homes earnings quality score
How much of the reported profit is backed by cash, and how many markers of managed earnings the filings show
Score27 / 100 · grade E · rank 1015 of 1027
M/I Homes (MHO) scores 27 of 100 for earnings quality, grade E: rank 1015 of 1027 companies and 283 of 287 in industrials. It loses the most points on accruals of +5.7% of assets, higher than 96% of companies (profit running ahead of cash), discretionary accruals of +8.2% of assets (modified Jones), larger than most, profit steadier than cash flow (smoothness 0.39).
What earned and lost points
| Component | What the filings show | Points | Of |
|---|---|---|---|
| Accruals | accruals of +5.7% of assets, higher than 96% of companies (profit running ahead of cash) | 2 | 44 |
| Discretionary accruals | discretionary accruals of +8.2% of assets (modified Jones), larger than most | 4 | 22 |
| Non-GAAP gap | adjusted earnings 6% below GAAP | 18 | 22 |
| Earnings smoothness | profit steadier than cash flow (smoothness 0.39) | 4 | 11 |
How the score is built
Eight published measures, each scored against the whole universe or on its own scale and weighted: accruals 20, discretionary accruals 10, Beneish M 15, Dechow F 15, Montier C 15, Piotroski F 10, the non-GAAP gap 10, smoothness 5. A measure that cannot be computed (Beneish for a bank, say) drops out and the rest is rescaled, so every company is scored on what applies to it.
Every company ranked → The full quality workbench, live → M/I Homes: cash flow →
Computed from the companies’ own XBRL filings (latest fiscal year) by published formulas; a statistical screen, not an audit or an accusation. A low score means the reported profit shows more of the markers of managed or low-quality earnings than its peers. Not investment advice.