Mueller Industries Inc (MLI)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 602,897 | 658,316 | 468,520 | 139,493 | 100,972 |
| Total stockholders’ equity | US$ in thousands | 2,337,440 | 1,790,910 | 1,222,120 | 776,745 | 643,468 |
| ROE | 25.79% | 36.76% | 38.34% | 17.96% | 15.69% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $602,897K ÷ $2,337,440K
= 25.79%
Mueller Industries Inc's return on equity (ROE) has fluctuated over the past five years. The ROE has been generally on an upward trend from 2019 to 2022, reaching a peak of 38.34% in 2021. However, there was a noticeable drop in ROE in 2023 to 25.79%. This decrease indicates that the company's profitability relative to shareholders' equity declined compared to the previous year. Despite this decrease, the ROE remains relatively high, indicating that the company is generating a strong return for its shareholders. Further analysis of the company's financial performance and factors influencing the change in ROE would provide deeper insights into its financial health and ability to generate profits.
Peer comparison
Dec 31, 2023