Mueller Water Products (MWA)
Total 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 |
| Total assets | US$ in thousands | 1,670,600 | 1,619,200 | 1,635,900 | 1,568,600 | 1,539,400 | 1,528,800 | 1,505,000 | 1,493,300 | 1,477,100 | 1,486,600 | 1,498,100 | 1,509,600 | 1,511,500 | 1,493,500 | 1,518,000 | 1,484,600 | 1,435,800 | 1,397,500 | 1,395,000 | 1,340,600 |
| Total asset turnover | 0.82 | 0.84 | 0.80 | 0.81 | 0.80 | 0.80 | 0.85 | 0.87 | 0.89 | 0.87 | 0.83 | 0.80 | 0.79 | 0.77 | 0.73 | 0.73 | 0.70 | 0.71 | 0.69 | 0.72 |
March 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,373,500K ÷ $1,670,600K
= 0.82
The analysis of Mueller Water Products' total asset turnover reveals a generally upward trend over the period from June 2020 through March 2025, indicating improving efficiency in utilizing assets to generate sales. At the outset, in June 2020, the ratio stood at 0.72, reflecting that approximately 72 cents of sales were generated per dollar of assets. During the subsequent months, the ratio experienced slight fluctuations, with a notable decline to 0.69 by September 2020, followed by a modest recovery reaching 0.71 by December 2020.
Throughout 2021, the ratio demonstrated a gradual improvement, reaching 0.73 by June and September, and further increasing to 0.77 by December. This indicates a consistent enhancement in asset utilization efficiency over this period. The upward momentum continued into 2022, with the ratio escalating to 0.79 in March and reaching 0.80 by June. The trend persisted through September 2022 at 0.83 and further to 0.87 by December 2022, marking a significant improvement over the timeframe.
In 2023, the ratio sustained its positive trend, attaining 0.89 in March, the highest point in the observed period. Subsequently, a slight decline ensued, with the ratio decreasing to 0.87 in June and 0.85 in September, before further softening to 0.80 in December 2023. The first quarter of 2024 saw a stabilization at 0.80, which persisted through the second and third quarters, with minor fluctuations, ultimately reaching 0.84 in December 2024. The most recent data from March 2025 indicates a ratio of 0.82.
Overall, the data suggest that Mueller Water Products has experienced a general improvement in asset efficiency from mid-2020 through late 2022, with the total asset turnover reaching its peak in early 2023. Post-2023, slight declines and stabilization reflect potential adjustments in operations or market conditions, but the ratio remains relatively high compared to the initial period. This trend indicates a strategic enhancement in the company's ability to generate sales relative to its assets over the analyzed period.
Peer comparison
Mar 31, 2025