Mueller Industries Inc (MLI)
Cash conversion cycle
| 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | 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 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 61.94 + — – —
= 61.94
The cash conversion cycle of Mueller Industries Inc has shown some fluctuation over the analyzed period. Starting at 48.50 days on March 31, 2020, the cycle decreased slightly to 47.65 days on June 30, 2020, before increasing to 58.48 days by December 31, 2020. Throughout the following years, the cycle continued to fluctuate, with periods of increase and decrease. Notably, the cycle peaked at 64.94 days on June 30, 2023, before moderating to 54.90 days on March 31, 2024.
Overall, the cash conversion cycle of Mueller Industries Inc reflects the company's ability to manage its working capital by measuring the time it takes to convert resources into cash flow. The fluctuations observed in the cycle may indicate changes in the company's operational efficiency, inventory management, and payment practices. Further analysis and comparison with industry benchmarks can provide additional insights into the company's financial performance and liquidity management strategies.
Peer comparison
Dec 31, 2024