Mueller Industries Inc (MLI)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 604,879 | 586,465 | 550,475 | 568,021 | 602,897 | 622,565 | 644,398 | 673,239 | 658,316 | 645,011 | 661,449 | 563,729 | 468,520 | 379,339 | 251,061 | 170,185 | 139,493 | 131,243 | 117,634 | 117,664 |
| 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 |
| ROA | 18.38% | 18.29% | 17.95% | 19.63% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $604,879K ÷ $3,290,910K
= 18.38%
Mueller Industries Inc's return on assets (ROA) has shown a fluctuating trend over the past several quarters. The ROA increased steadily from 8.14% in March 2020 to a peak of 32.31% in June 2022, indicating an improvement in the company's ability to generate profits from its assets.
However, after reaching its peak in June 2022, the ROA started to decline steadily to 18.38% by December 2024. This declining trend suggests a potential decrease in the company's efficiency in generating profits relative to its assets.
Overall, while Mueller Industries Inc's ROA experienced significant growth and optimization during the period analyzed, the recent decline may indicate the need for the company to assess and potentially enhance its asset utilization strategies to improve profitability in the future.
Peer comparison
Dec 31, 2024