Mueller Water Products (MWA)

Return on assets (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
Net income (ttm) US$ in thousands 143,900 136,900 115,900 123,100 100,300 77,300 85,500 75,400 77,400 79,700 76,600 87,900 75,800 73,100 70,400 78,700 75,500 78,400 72,000 85,500
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
ROA 8.61% 8.45% 7.08% 7.85% 6.52% 5.06% 5.68% 5.05% 5.24% 5.36% 5.11% 5.82% 5.01% 4.89% 4.64% 5.30% 5.26% 5.61% 5.16% 6.38%

March 31, 2025 calculation

ROA = Net income (ttm) ÷ Total assets
= $143,900K ÷ $1,670,600K
= 8.61%

The analysis of Mueller Water Products' return on assets (ROA) over the examined period indicates a generally stable and gradually improving profitability metric. The ROA experienced declines during 2020, starting at 6.38% as of June 30, 2020, and decreasing to 5.16% by September 30, 2020, which corresponds with the initial impact of the COVID-19 pandemic and its associated economic disruptions. Subsequently, the ROA showed modest fluctuations throughout 2021 and 2022, ranging approximately between 4.64% and 5.82%, reflecting relative stability amid ongoing economic uncertainties.

From the beginning of 2023 through the third quarter of 2024, the ROA demonstrated an incremental upward trend, culminating in a notable increase to 8.61% as of March 31, 2025. This upward trajectory suggests enhanced profitability and efficiency in asset utilization, which could be attributed to operational improvements, strategic initiatives, or favorable market conditions.

Overall, the company's ROA trend indicates an initial period of stabilization following pandemic-related challenges, followed by consistent improvement and renewed profitability in recent periods. The data imply that Mueller Water Products has been able to leverage its assets more effectively over time, translating into higher returns on its asset base.