Mueller Water Products (MWA)
Fixed asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,314,700 | 1,275,700 | 1,247,400 | 1,111,000 | 964,100 |
| Property, plant and equipment | US$ in thousands | — | 335,300 | 301,600 | 283,400 | 253,800 |
| Fixed asset turnover | — | 3.80 | 4.14 | 3.92 | 3.80 |
September 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,314,700K ÷ $—K
= —
The fixed asset turnover ratio for Mueller Water Products exhibits fluctuations over the analyzed period from September 30, 2020, to September 30, 2024. Specifically, the ratio increased from 3.80 in 2020 to 3.92 in 2021, indicating a slight improvement in the efficiency of utilizing fixed assets to generate sales during this interval. The upward trend continued into 2022, reaching 4.14, which represents a more notable enhancement in asset utilization efficiency. However, in 2023, the ratio declined back to 3.80, returning to the level observed in 2020. The data for 2024 is not available or not reported. Overall, the pattern suggests that Mueller Water Products experienced a period of increased efficiency in fixed asset utilization between 2020 and 2022, followed by a reversal in 2023. The fluctuation in the fixed asset turnover ratio reflects varying operational efficiencies over the observed years.
Peer comparison
Sep 30, 2024