Mueller Industries Inc (MLI)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 100,972 | 99,659 | 90,858 | 96,054 |
| Total stockholders’ equity | US$ in thousands | 2,337,440 | 2,221,240 | 2,116,230 | 1,962,310 | 1,790,910 | 1,625,240 | 1,510,460 | 1,370,400 | 1,222,120 | 1,107,560 | 945,716 | 841,146 | 776,745 | 717,621 | 670,681 | 645,687 | 643,468 | 607,648 | 588,271 | 565,398 |
| 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% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $602,897K ÷ $2,337,440K
= 25.79%
Mueller Industries Inc's Return on Equity (ROE) has shown a fluctuating trend over the past few quarters. The ROE has generally been on an upward trajectory since the end of 2020, reaching a peak of 43.79% in the second quarter of 2022. However, it experienced a slight decline in the subsequent quarter before rebounding to 34.31% in the first quarter of 2023.
The ROE performance indicates that Mueller Industries Inc has been effectively utilizing its shareholders' equity to generate profits. Higher ROE values suggest better financial performance and efficient capital management by the company. The downward trend observed in the ROE figures towards the end of the data period may necessitate further analysis to understand the drivers behind this trend.
Overall, the ROE figures demonstrate the company's ability to deliver returns to its shareholders, but ongoing monitoring and analysis are essential to ensure sustained profitability and value creation.
Peer comparison
Dec 31, 2023