Mueller Industries Inc (MLI)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 820,872 | 821,173 | 792,481 | 810,541 | 846,453 | 854,225 | 870,480 | 900,460 | 876,364 | 862,110 | 887,462 | 774,886 | 654,522 | 526,304 | 365,251 | 261,741 | 209,384 | 209,406 | 190,029 | 186,843 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,773,160 | 2,678,380 | 2,546,100 | 2,424,370 | 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 |
| Return on total capital | 29.60% | 30.66% | 31.13% | 33.43% | 36.21% | 38.46% | 41.13% | 45.89% | 48.93% | 53.05% | 58.75% | 56.54% | 53.56% | 47.52% | 38.62% | 31.12% | 26.96% | 29.18% | 28.33% | 28.94% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $820,872K ÷ ($—K + $2,773,160K)
= 29.60%
Mueller Industries Inc's return on total capital has shown fluctuation over the periods analyzed. The return on total capital was at its highest in the most recent quarter, reaching 58.75%, indicating that the company generated significant profits relative to its invested capital. This was a notable improvement from the previous quarter's return of 56.54%.
The trend in return on total capital suggests a general uptrend from March 2021 to June 2022, with returns consistently increasing over this period. However, the metric dipped in the following quarters, reaching a low of 29.60% by December 2024.
Overall, the company has demonstrated the ability to generate a healthy return on its total capital base, although fluctuations in performance indicate potential variability in its financial results. Continued monitoring of this metric will be essential to assess Mueller Industries Inc's ongoing financial performance and capital efficiency.
Peer comparison
Dec 31, 2024