Mueller Industries Inc (MLI)
Receivables turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,424,117 | 3,569,321 | 3,690,091 | 3,943,142 | 3,992,810 | 4,071,586 | 4,163,007 | 4,018,157 | 3,811,912 | 3,531,406 | 3,109,736 | 2,599,881 | 2,382,774 | 2,250,762 | 2,238,996 | 2,403,162 | 2,410,444 | 2,425,692 | 2,465,141 | 2,462,889 |
| Receivables | US$ in thousands | 351,561 | 409,187 | 459,467 | — | 380,352 | 441,287 | 611,578 | 588,397 | 471,859 | 493,960 | 542,044 | 447,492 | 357,532 | 320,035 | 273,710 | 308,836 | 269,943 | 319,562 | 316,806 | 309,765 |
| Receivables turnover | 9.74 | 8.72 | 8.03 | — | 10.50 | 9.23 | 6.81 | 6.83 | 8.08 | 7.15 | 5.74 | 5.81 | 6.66 | 7.03 | 8.18 | 7.78 | 8.93 | 7.59 | 7.78 | 7.95 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,424,117K ÷ $351,561K
= 9.74
The receivables turnover ratio for Mueller Industries Inc has fluctuated over the past few years, ranging from a low of 5.74 to a high of 10.50. The ratio indicates how efficiently the company is able to collect outstanding receivables from customers during a given period.
A higher receivables turnover ratio implies that the company is collecting receivables more quickly, which is generally a positive sign indicating effective credit and collection policies. On the other hand, a lower ratio may suggest potential issues with collecting receivables or extending credit to customers.
In the most recent period available, the receivables turnover ratio was 9.74, which shows an improvement compared to the previous periods. However, it is important to note that there may be seasonality or specific factors influencing this ratio in each period, and a consistent upward trend over time would be indicative of increased efficiency in collecting receivables. Further analysis and comparison with industry benchmarks could provide more insights into Mueller Industries Inc's receivables management performance.
Peer comparison
Dec 31, 2023