Mueller Industries Inc (MLI)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 28.82% | 29.35% | 29.08% | 29.02% | 27.99% | 26.79% | 25.52% | 23.55% | 21.78% | 20.47% | 19.40% | 18.75% | 18.13% | 17.94% | 17.12% | 16.18% | 16.39% | 15.90% | 14.89% | 14.76% |
| Operating profit margin | 22.08% | 22.73% | 22.64% | 22.66% | 21.97% | 21.09% | 21.31% | 19.31% | 17.21% | 15.54% | 12.37% | 10.73% | 10.32% | 10.01% | 9.04% | 8.39% | 7.94% | 7.71% | 7.07% | 7.09% |
| Pretax margin | 24.05% | 23.72% | 23.54% | 22.92% | 22.08% | 21.21% | 21.36% | 18.96% | 16.64% | 14.53% | 10.93% | 8.97% | 8.18% | 8.06% | 7.15% | 6.55% | 5.65% | 5.57% | 4.95% | 5.24% |
| Net profit margin | 17.61% | 17.44% | 17.46% | 17.07% | 16.49% | 15.84% | 15.89% | 14.03% | 12.29% | 10.74% | 8.07% | 6.55% | 5.85% | 5.83% | 5.25% | 4.90% | 4.19% | 4.11% | 3.69% | 3.90% |
Mueller Industries Inc has demonstrated a generally positive trend in profitability ratios over the reported periods. The gross profit margin has shown improvement, increasing from 14.76% in March 2019 to 29.08% in June 2023, indicating efficient cost management and pricing strategies.
The operating profit margin has also shown a steady increase, reflecting effective control over operating expenses and improved operational efficiency. It rose from 7.09% in March 2019 to 22.64% in June 2023.
Moreover, the pretax margin has exhibited a consistent growth trend, indicating the company's ability to generate profits before tax. It increased from 4.95% in March 2019 to 24.05% in December 2023, reflecting enhanced profitability.
The net profit margin, a key indicator of overall profitability, has also shown an upward trajectory, climbing from 3.69% in March 2019 to 17.61% in December 2023. This suggests that Mueller Industries Inc has been successful in generating bottom-line profits relative to its revenue.
Overall, the profitability ratios of Mueller Industries Inc indicate a positive trend, showcasing effective cost management, operational efficiency, and sustainable profitability growth over the reported periods.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 21.85% | 23.37% | 25.01% | 27.15% | 29.36% | 30.57% | 32.31% | 28.97% | 27.10% | 21.95% | 14.03% | 10.02% | 9.13% | 9.24% | 8.89% | 8.14% | 7.37% | 7.10% | 6.41% | 6.51% |
| Return on total capital | 35.29% | 38.12% | 41.06% | 46.06% | 49.24% | 53.14% | 58.93% | 55.81% | 52.49% | 42.69% | 27.39% | 22.30% | 20.13% | 19.07% | 18.33% | 16.31% | 15.84% | 15.52% | 13.97% | 13.81% |
| Return on equity (ROE) | 25.79% | 28.03% | 30.45% | 34.31% | 36.76% | 39.69% | 43.79% | 41.14% | 38.34% | 34.25% | 26.55% | 20.23% | 17.96% | 18.29% | 17.54% | 18.22% | 15.69% | 16.40% | 15.44% | 16.99% |
Mueller Industries Inc's profitability ratios have shown a positive trend over the past five quarters. The operating return on assets (Operating ROA) has been consistently increasing, indicating that the company is effectively generating profits from its assets dedicated to operations. Similarly, the return on assets (ROA) and return on total capital have also been on an upward trajectory, reflecting the company's ability to generate profits from its total capital base.
The return on equity (ROE) has followed a similar trend, indicating that the company is efficiently utilizing shareholder equity to generate profits. This suggests that the company is effectively managing its operations and capital structure to maximize profitability for its shareholders.
Overall, the improving profitability ratios suggest that Mueller Industries Inc is efficiently utilizing its resources and generating increasing returns for its investors.