Mueller Industries Inc (MLI)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 770,389 | 756,053 | 877,149 | 655,845 | 245,838 |
| Total assets | US$ in thousands | 3,290,910 | 2,759,300 | 2,242,400 | 1,728,940 | 1,528,570 |
| Operating ROA | 23.41% | 27.40% | 39.12% | 37.93% | 16.08% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $770,389K ÷ $3,290,910K
= 23.41%
Mueller Industries Inc's operating return on assets (Operating ROA) has shown a positive trend over the past five years. The ratio increased from 16.08% on December 31, 2020, to 23.41% on December 31, 2024. There was a significant improvement in the Operating ROA from 2020 to 2022, with the ratio more than doubling during this period. However, there was a slight decline in the Operating ROA in 2023 before rebounding in 2024.
Overall, the Operating ROA indicates that Mueller Industries Inc has efficiently utilized its assets to generate operating income, with a notable improvement in profitability over the years. This upward trend suggests effective management of assets to generate returns for the company, which is a positive indicator of its operational performance.
Peer comparison
Dec 31, 2024