The historical rank and industry rank for Mueller Industries's Days Inventory or its related term are showing as below:
MLI'
s Days Inventory Range Over the Past 10 Years
Min: 45.39 Med: 54.68 Max: 64.18
Current: 64.18
During the past 13 years, Mueller Industries's highest Days Inventory was 64.18. The lowest was 45.39. And the median was 54.68.
MLI's Days Inventory is ranked better than 82.77% of 2907
companies
in the Industrial Products industry
Industry Median: 119.76
vs MLI: 64.18
Mueller Industries's Days Inventory
declined
from Mar. 2023 (60.61) to Mar. 2024 (55.25).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Mueller Industries's Inventory Turnover for the
three
months ended in Mar. 2024 was 1.65.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Mueller Industries's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.43.
Mueller Industries Days Inventory Historical Data
The historical data trend for Mueller Industries's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Mueller Industries's Days Inventory
For the Metal Fabrication subindustry, Mueller Industries's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mueller Industries's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mueller Industries's Days Inventory distribution charts can be found below:
* The bar in red indicates where Mueller Industries's Days Inventory falls into.
Mueller Industries Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Mueller Industries's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mueller Industries (NYSE:MLI) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Mueller Industries's Inventory Turnover for the
three
months ended in Mar. 2024 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Mueller Industries's Inventory to Revenue for the
three
months ended in Mar. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Mueller Industries Days Inventory Related Terms
Thank you for viewing the detailed overview of Mueller Industries's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Mueller Industries (Mueller Industries) Business Description
Mueller Industries Inc makes copper, brass, aluminum, and plastic products. The company reports three business segments: piping systems, industrial metals, and climate. Piping systems, earning most of the company's revenue, produces tubes, fittings, rods, valves, and other products and operates various firms worldwide. The industrial metals segment manufactures impacts and micro-gauge, brass rod and copper bar products, and brass value-added products. The climate segment produces items used to create temperature-control goods, including valves, twisted tubes, coaxial heat exchangers, and others. Numerous systems use the aforementioned products, including HVAC, water distribution, refrigeration, and automotive. Most sales derive from the United States, but the company operates worldwide.
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