Mueller Water Products (MWA)
Fixed asset turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,373,500 | 1,362,600 | 1,314,700 | 1,267,900 | 1,237,800 | 1,217,300 | 1,275,700 | 1,305,700 | 1,312,300 | 1,289,900 | 1,247,400 | 1,211,600 | 1,188,900 | 1,145,900 | 1,111,000 | 1,080,700 | 998,700 | 988,900 | 964,100 | 965,700 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 335,300 | 306,900 | 304,900 | 302,900 | 301,600 | 293,000 | 292,300 | 286,900 | 283,400 | 275,300 | 268,500 | 261,400 | 253,800 | 244,900 |
| Fixed asset turnover | — | — | — | — | — | — | 3.80 | 4.25 | 4.30 | 4.26 | 4.14 | 4.14 | 4.07 | 3.99 | 3.92 | 3.93 | 3.72 | 3.78 | 3.80 | 3.94 |
March 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,373,500K ÷ $—K
= —
The fixed asset turnover ratio of Mueller Water Products demonstrates fluctuations over the period from mid-2020 to late 2023. Initially, the ratio experienced a slight decline from 3.94 on June 30, 2020, to a low of 3.72 on March 31, 2021. Following this trough, the ratio exhibited a consistent upward trend, reaching a peak of 4.30 as of March 31, 2023. This increase suggests improved efficiency in utilizing the company's fixed assets to generate sales during this period.
Subsequently, the ratio declined marginally to 4.25 by June 30, 2023, and further dropped to 3.80 on September 30, 2023. The decrease in late 2023 may indicate a reduction in asset utilization efficiency or a relative increase in sales that outpaced fixed asset growth, thereby temporarily affecting the ratio.
Overall, the trend from mid-2020 through early 2023 reflects a general strengthening in asset efficiency, reaching higher levels than in the initial measurement periods. The subsequent decline in late 2023 highlights a potential shift in operational dynamics, possibly due to changes in sales volume, capital expenditure, or asset base adjustments. The data for periods beyond September 2023 are not available, precluding further analysis of ongoing trends.
Peer comparison
Mar 31, 2025