Mueller Industries Inc (MLI)
Total 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 |
| Total assets | US$ in thousands | 3,290,910 | 2,759,300 | 2,242,400 | 1,728,940 | 1,528,570 |
| Total asset turnover | 1.15 | 1.24 | 1.78 | 2.18 | 1.57 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,768,770K ÷ $3,290,910K
= 1.15
Mueller Industries Inc's total asset turnover ratio shows fluctuations over the years. It increased from 1.57 in December 2020 to 2.18 in December 2021, indicating that the company generated $2.18 in sales for each dollar of assets. However, the ratio decreased to 1.78 in December 2022 and further dropped to 1.24 in December 2023. This decrease suggests a potential inefficiency in utilizing assets to generate sales. In the most recent year, December 2024, the total asset turnover decreased even further to 1.15, indicating a continued reduction in the company's ability to generate revenue from its assets efficiently. Further investigation into the factors influencing these fluctuations is recommended to understand the company's operational effectiveness and potential areas for improvement.
Peer comparison
Dec 31, 2024