Mueller Industries Inc (MLI)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,724,330 | 2,433,510 | 2,864,860 | 2,938,990 | 1,966,160 |
| Inventory | US$ in thousands | 462,279 | 380,248 | 448,919 | 430,244 | 315,002 |
| Inventory turnover | 5.89 | 6.40 | 6.38 | 6.83 | 6.24 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,724,330K ÷ $462,279K
= 5.89
Mueller Industries Inc's inventory turnover has been relatively stable over the past five years. The turnover ratio ranged from 5.89 to 6.83, with an average of approximately 6.27. This indicates that, on average, the company's inventory is sold and replaced about 6 times a year. A higher inventory turnover ratio generally suggests efficient management of inventory levels, as the company is able to quickly sell its inventory and generate revenue. However, the slight fluctuations in the ratio over the years may indicate varying sales patterns or changes in inventory management strategies. Overall, Mueller Industries Inc's inventory turnover reflects a healthy balance between maintaining adequate inventory levels and effectively converting inventory into sales.
Peer comparison
Dec 31, 2024