Mueller Industries Inc (MLI)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,768,770 | 3,420,340 | 3,982,460 | 3,769,340 | 2,398,040 |
| Property, plant and equipment | US$ in thousands | — | — | 402,842 | 409,072 | 376,572 |
| Fixed asset turnover | — | — | 9.89 | 9.21 | 6.37 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,768,770K ÷ $—K
= —
Fixed asset turnover is a key financial ratio that signals how efficiently a company is utilizing its fixed assets to generate revenue. In the case of Mueller Industries Inc, the trend in fixed asset turnover is positive and shows an improvement over the specified years.
As of December 31, 2020, the fixed asset turnover ratio stood at 6.37, indicating that for every dollar invested in fixed assets, the company generated $6.37 in sales. Moving forward, the ratio increased significantly to 9.21 as of December 31, 2021, further highlighting the company's improved efficiency in utilizing its fixed assets.
By December 31, 2022, the fixed asset turnover ratio continued to rise to 9.89, pointing towards continued efficiency gains in generating revenue from fixed assets. However, it is worth noting that the data for December 31, 2023, and December 31, 2024, are not available ("- - -"), which limits a complete assessment of the trend.
Overall, the increasing trend in Mueller Industries Inc's fixed asset turnover ratio from 2020 to 2022 suggests that the company has been successful in optimizing the use of its fixed assets to drive sales. This improvement may signal effective asset management and operational efficiency within the company. Further data for subsequent years would provide a more comprehensive assessment of the company's ongoing performance in this aspect.
Peer comparison
Dec 31, 2024