Mueller Industries Inc (MLI)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 756,053 | 811,230 | 835,384 | 893,554 | 877,149 | 858,877 | 887,062 | 776,006 | 655,845 | 548,708 | 384,585 | 279,067 | 245,838 | 225,283 | 202,308 | 201,534 | 191,403 | 186,916 | 174,335 | 174,741 |
| Total assets | US$ in thousands | 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 | 1,370,940 | 1,402,760 | 1,417,070 | 1,475,050 |
| Operating ROA | 27.40% | 30.45% | 32.42% | 36.04% | 39.12% | 40.71% | 43.34% | 39.88% | 37.93% | 31.74% | 21.49% | 16.43% | 16.08% | 15.86% | 15.29% | 13.94% | 13.96% | 13.32% | 12.30% | 11.85% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $756,053K ÷ $2,759,300K
= 27.40%
Mueller Industries Inc's operating return on assets (operating ROA) has shown a general increasing trend over the past several quarters, indicating improving operational efficiency and effectiveness in generating profits from its assets. The operating ROA stood at 27.40% at the end of December 2023, reflecting a strong performance. This percentage increased from 30.45% in September 2023, peaking at 43.34% in the second quarter of 2022.
The company's ability to generate higher returns on its assets is a positive indicator of management's effectiveness in utilizing resources to drive profitability. The sustained increase in operating ROA suggests that Mueller Industries Inc has been successfully managing its operations and assets to drive profitability, which is crucial for long-term sustainable growth.
However, it is important to note the slight fluctuations in the operating ROA figures, which can be influenced by various factors such as economic conditions, industry trends, or specific company initiatives. Overall, the upward trend in operating ROA for Mueller Industries Inc indicates a positive performance in terms of asset utilization and operational profitability.
Peer comparison
Dec 31, 2023