Mueller Industries Inc (MLI)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 604,879 | 602,897 | 658,316 | 468,520 | 139,493 |
| Total assets | US$ in thousands | 3,290,910 | 2,759,300 | 2,242,400 | 1,728,940 | 1,528,570 |
| ROA | 18.38% | 21.85% | 29.36% | 27.10% | 9.13% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $604,879K ÷ $3,290,910K
= 18.38%
Based on the data provided, Mueller Industries Inc's return on assets (ROA) has shown a positive trend over the years. The ROA increased significantly from 9.13% as of December 31, 2020, to 27.10% as of December 31, 2021, indicating improved efficiency in generating profits from its assets.
The upward trend continued through 2022 and 2023, with ROA reaching 29.36% and 21.85%, respectively. However, there was a slight decline in ROA to 18.38% as of December 31, 2024.
Overall, Mueller Industries Inc has demonstrated strong performance in utilizing its assets to generate profits, with ROA consistently above 15% in the period under review. The fluctuations in ROA from 2023 to 2024 may warrant further investigation into the company's asset management strategies and profitability drivers.
Peer comparison
Dec 31, 2024