Mueller Industries Inc (MLI)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.89 | 6.50 | 6.05 | 6.65 | 6.42 | 6.43 | 5.62 | 6.24 | 6.44 | 6.59 | 6.43 | 6.39 | 6.83 | 6.82 | 6.55 | 5.82 | 6.24 | 6.86 | 7.66 | 7.53 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 2.33 | 2.35 | 2.40 | 1.81 | 1.99 | 2.21 | 2.45 | 2.90 | 3.36 | 3.88 | 4.47 | 5.02 | 5.92 | 5.30 | 4.34 | 4.82 | 4.94 | 4.75 | 5.11 | 4.45 |
Mueller Industries Inc's inventory turnover has been showing some fluctuations over the periods analyzed, with a general downward trend from 7.53 in March 2020 to 5.89 in December 2024. This indicates that the company took longer to sell its inventory in the latter period, which may suggest potential issues with managing inventory levels or delays in sales.
On the other hand, the receivables turnover and payables turnover ratios are not provided in the data, indicating a lack of information to assess the efficiency of the company in collecting receivables or managing payables during the periods under review.
The working capital turnover ratio, which measures how efficiently a company is using its working capital to generate sales, has been declining steadily from 4.45 in March 2020 to 2.33 in December 2024. This indicates a decrease in the efficiency of utilizing working capital to drive revenue over the years, which may raise concerns about the company's operational efficiency and liquidity management.
In conclusion, while the inventory turnover ratio of Mueller Industries Inc has shown variability, the working capital turnover ratio has experienced a consistent decline over the periods analyzed. Additional information on receivables and payables turnover ratios would be necessary for a more comprehensive assessment of the company's overall activity efficiency.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 61.94 | 56.15 | 60.31 | 54.90 | 56.82 | 56.79 | 64.94 | 58.53 | 56.70 | 55.38 | 56.75 | 57.13 | 53.43 | 53.52 | 55.71 | 62.75 | 58.48 | 53.18 | 47.65 | 48.50 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Mueller Industries Inc's Days of Inventory on Hand (DOH) has shown some fluctuations over the reporting periods, ranging from 48.50 days to 64.94 days, with a general trend of remaining around 50-60 days. This indicates the average number of days it takes for the company to sell its inventory, reflecting inventory management efficiency.
However, there is no available data for Days of Sales Outstanding (DSO) and Number of Days of Payables. As a result, we are unable to assess the efficiency of the company in collecting accounts receivable and managing its payables.
In conclusion, based on the available data, Mueller Industries Inc appears to have maintained a relatively stable level of inventory turnover efficiency over the periods reviewed. Further analysis of DSO and payables turnover ratios would provide a more comprehensive picture of the company's overall working capital management.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total asset turnover | 1.15 | 1.12 | 1.11 | 1.14 | 1.24 | 1.34 | 1.43 | 1.59 | 1.78 | 1.92 | 2.00 | 2.04 | 2.18 | 2.02 | 1.75 | 1.54 | 1.57 | 1.60 | 1.70 | 1.67 |
The fixed asset turnover ratio for Mueller Industries Inc has shown a fluctuating trend over the years, starting at 6.60 in March 2020 and peaking at 10.45 in March 2023. This ratio indicates how efficiently the company is utilizing its fixed assets to generate sales. The increasing trend in the fixed asset turnover ratio suggests that the company has been more effective in generating revenue from its fixed assets over time.
On the other hand, the total asset turnover ratio, which measures how efficiently the company is using its total assets to generate sales, has shown a more inconsistent pattern. The ratio started at 1.67 in March 2020, reached a peak of 2.18 in December 2021, and then declined to 1.15 by December 2024. The fluctuating total asset turnover ratio may indicate changes in the company's asset management efficiency or shifts in its business operations.
Overall, the trends in both fixed asset turnover and total asset turnover ratios provide insights into Mueller Industries Inc's ability to generate sales relative to its fixed and total assets, respectively. A rising fixed asset turnover ratio suggests improved efficiency in asset utilization, while fluctuations in the total asset turnover ratio may reflect changes in the company's overall asset management strategies.