Mueller Industries Inc (MLI)
Total 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 |
| Total assets | US$ in thousands | 3,290,910 | 3,206,130 | 3,066,180 | 2,894,240 | 2,759,300 | 2,663,740 | 2,576,420 | 2,479,620 | 2,242,400 | 2,109,750 | 2,046,970 | 1,945,950 | 1,728,940 | 1,728,540 | 1,789,440 | 1,698,330 | 1,528,570 | 1,420,010 | 1,323,390 | 1,445,940 |
| 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,768,766K ÷ $3,290,910K
= 1.15
Mueller Industries Inc's total asset turnover has been fluctuating over the past five years, starting at around 1.67 in March 2020 and peaking at 2.18 by December 2021. The ratio then decreased to 1.14 by March 2024. Overall, the trend indicates an initial increase in efficiency in utilizing its assets, followed by a period of decline. This suggests that the company may have improved its asset utilization initially but faced challenges in maintaining that efficiency in recent periods. An asset turnover ratio below 1 may indicate inefficiency in the utilization of assets, while a ratio above 1 suggests effective utilization. Investors and stakeholders should monitor Mueller Industries Inc's asset turnover closely to assess its operational efficiency and financial performance.
Peer comparison
Dec 31, 2024