Mueller Industries Inc (MLI)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,768,766 | 3,577,607 | 3,399,568 | 3,298,807 | 3,420,345 | 3,565,549 | 3,690,587 | 3,943,643 | 3,982,451 | 4,061,227 | 4,098,645 | 3,961,195 | 3,769,343 | 3,488,837 | 3,125,694 | 2,613,272 | 2,398,043 | 2,266,031 | 2,255,528 | 2,421,754 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 410,576 | 386,928 | 377,324 | 402,842 | 398,457 | 411,009 | 380,711 | 409,072 | 394,369 | 385,246 | 384,853 | 376,572 | 368,736 | 362,785 | 366,828 |
| Fixed asset turnover | — | — | — | — | — | 8.68 | 9.54 | 10.45 | 9.89 | 10.19 | 9.97 | 10.40 | 9.21 | 8.85 | 8.11 | 6.79 | 6.37 | 6.15 | 6.22 | 6.60 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,768,766K ÷ $—K
= —
The fixed asset turnover ratio for Mueller Industries Inc has shown a generally increasing trend over the period from March 31, 2020, to March 31, 2023. The ratio increased from 6.60 to 10.45 during this period, indicating that the company generated $10.45 in sales for every $1 of fixed assets invested in the business, reflecting efficient utilization of fixed assets to generate revenue.
However, there was a slight decline in the fixed asset turnover ratio in the subsequent periods, dropping to 9.54 as of June 30, 2023. This decrease may suggest a potential slowdown in the company's ability to generate revenue from its fixed assets efficiently during that period.
It is important to note that the fixed asset turnover ratio provides insights into how effectively the company is using its fixed assets to generate revenue. A higher ratio generally indicates better efficiency in asset utilization, while a declining ratio may signal underutilization or overvaluation of fixed assets.
As the data for the period beyond March 31, 2023, is not available, it is unclear how the fixed asset turnover ratio has evolved in subsequent periods. Further analysis will be required to understand the company's performance and asset utilization efficiency in the future.
Peer comparison
Dec 31, 2024