Mueller Industries Inc (MLI)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 28.80% | 28.02% | 21.77% | 18.25% | 16.42% |
| Operating profit margin | 22.07% | 21.99% | 17.20% | 10.39% | 7.95% |
| Pretax margin | 24.04% | 22.10% | 16.63% | 8.23% | 5.66% |
| Net profit margin | 17.60% | 16.50% | 12.28% | 5.89% | 4.20% |
Mueller Industries Inc has shown consistent improvement in profitability ratios over the past five years. Starting with the gross profit margin, there has been a steady increase from 16.42% in 2019 to 28.80% in 2023, indicating the company's ability to effectively manage its production costs.
Moving on to the operating profit margin, there is a noticeable upward trend from 7.95% in 2019 to 22.07% in 2023. This reflects the company's improved operational efficiency and cost management.
The pretax margin also demonstrates significant growth, increasing from 5.66% in 2019 to 24.04% in 2023. This indicates that Mueller Industries Inc has been able to generate higher profits before accounting for taxes, showcasing strong performance in managing its expenses and maximizing revenue.
Finally, the net profit margin has also seen a consistent rise, from 4.20% in 2019 to 17.60% in 2023. This demonstrates the company's ability to efficiently control its costs, increase revenue, and ultimately improve its bottom line profitability.
Overall, the improving trend in profitability ratios for Mueller Industries Inc suggests a strong financial performance and effective management of both costs and revenues over the past five years.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 27.40% | 39.12% | 37.93% | 16.08% | 13.96% |
| Return on assets (ROA) | 21.85% | 29.36% | 27.10% | 9.13% | 7.37% |
| Return on total capital | 35.29% | 49.24% | 52.49% | 20.13% | 15.84% |
| Return on equity (ROE) | 25.79% | 36.76% | 38.34% | 17.96% | 15.69% |
Mueller Industries Inc's profitability ratios indicate a positive trend over the years, reflecting an improvement in the company's ability to generate profits from its operations and assets.
The Operating Return on Assets (Operating ROA) has shown consistent growth, reaching 27.40% in 2023 from 13.96% in 2019. This metric reveals that the company is efficiently utilizing its assets to generate operating income.
The Return on Assets (ROA) has also increased steadily, from 7.37% in 2019 to 21.85% in 2023. This indicates Mueller Industries' effectiveness in generating earnings relative to its total assets.
The Return on Total Capital has demonstrated significant improvement, rising to 35.29% in 2023 from 15.84% in 2019. This ratio signifies the overall profitability of the company considering both debt and equity financing.
Moreover, the Return on Equity (ROE) has shown a positive trajectory, reaching 25.79% in 2023 from 15.69% in 2019. This metric indicates the return generated on shareholders' equity investment, portraying Mueller Industries' ability to create value for its equity holders.
Overall, the increasing trend in profitability ratios suggests that Mueller Industries Inc has been effectively managing its assets, capital, and equity to enhance its profitability and shareholder value over the years.