Mueller Water Products (MWA)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 212,700 | 206,300 | 181,700 | 178,200 | 146,800 | 116,200 | 127,400 | 114,100 | 115,400 | 116,700 | 111,600 | 127,800 | 133,600 | 132,800 | 131,700 | 144,600 | 121,900 | 124,300 | 116,800 | 115,100 |
| 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 |
| Operating ROA | 12.73% | 12.74% | 11.11% | 11.36% | 9.54% | 7.60% | 8.47% | 7.64% | 7.81% | 7.85% | 7.45% | 8.47% | 8.84% | 8.89% | 8.68% | 9.74% | 8.49% | 8.89% | 8.37% | 8.59% |
March 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $212,700K ÷ $1,670,600K
= 12.73%
The operating return on assets (operating ROA) for Mueller Water Products has exhibited notable fluctuations over the analyzed period. Starting at approximately 8.59% as of June 30, 2020, the metric experienced minor declines followed by periods of stabilization, with the rate reaching a peak of roughly 9.74% on June 30, 2021. In the following quarters, the ROA generally trended downward, dipping below 8% around September 2022, with values such as 7.45% in September 2022 and 7.60% in December 2022, reflecting a period of reduced operating efficiency or margin pressures.
However, beginning in early 2024, the operating ROA demonstrated a significant upward trajectory, surpassing previous levels and reaching 12.74% by December 2024. This sharp increase indicates a substantial improvement in operating profitability relative to asset utilization. The subsequent quarter maintains this positive trend, with a value of approximately 12.73% as of March 2025.
Overall, the data indicates a period of relative stability with moderate declines from mid-2021 through late 2022, followed by a substantial recovery and improvement in operating efficiency during 2024. This pattern may reflect operational improvements, strategic restructuring, or other factors positively impacting profitability relative to asset base in the most recent period.
Peer comparison
Mar 31, 2025