Mueller Industries Inc (MLI)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 770,389 | 735,691 | 710,002 | 710,696 | 756,377 | 811,230 | 835,384 | 880,076 | 863,671 | 845,399 | 873,584 | 776,006 | 655,845 | 548,708 | 384,585 | 279,067 | 245,838 | 225,283 | 202,308 | 201,534 |
| 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 |
| Operating ROA | 23.41% | 22.95% | 23.16% | 24.56% | 27.41% | 30.45% | 32.42% | 35.49% | 38.52% | 40.07% | 42.68% | 39.88% | 37.93% | 31.74% | 21.49% | 16.43% | 16.08% | 15.86% | 15.29% | 13.94% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ 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 years, indicating the company's ability to generate profits from its operational assets. The operating ROA increased steadily from 13.94% in March 2020 to a peak of 42.68% in June 2022, reflecting strong operational efficiency and effective asset utilization by the company.
However, after reaching its peak in June 2022, the operating ROA started to decline gradually, with fluctuations in the subsequent periods. The operating ROA decreased to 23.41% by December 2024, showcasing a slight decline in the company's ability to generate operating income from its assets compared to the peak period.
Overall, Mueller Industries Inc has demonstrated a generally positive performance in terms of operating ROA, but the recent downward trend may indicate potential challenges in maintaining the same level of profitability from its operational assets in the near future. Monitoring and analyzing the factors affecting this ratio will be crucial for understanding the company's operational efficiency and profitability going forward.
Peer comparison
Dec 31, 2024