Mueller Industries (FRA:MUD) Inventory Turnover : 1.65 (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Mueller Industries Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Mueller Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was €560 Mil. Mueller Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was €339 Mil. Mueller Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.65.

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 three months ended in Mar. 2024 was 55.16.

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 quarter that ended in Mar. 2024 was 0.43.

Mueller Industries Inventory Turnover Historical Data

The historical data trend for Mueller Industries's Inventory Turnover 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.

* Premium members only.

Mueller Industries Inventory Turnover Chart

Mueller Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

6.63

6.19

8.13

6.72

5.78

Mueller Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.50	1.38	1.36	1.37	1.65

Mueller Industries Inventory Turnover Calculation

Mueller Industries's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	2231.529	/ (	(423.78	+	348.687)	/	2 )
=	2231.529	/	386.2335
=	5.78

Mueller Industries's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	560.007	/ (	(348.687	+	328.319)	/	2 )
=	560.007	/	338.503
=	1.65

Mueller Industries (FRA:MUD) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	338.503	/	560.007	*	365 / 4
	=	55.16

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 quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	338.503	/	781.682
	=	0.43

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Mueller Industries Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Mueller Industries's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Mueller Industries (FRA:MUD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mueller Industries Inc (FRA:MUD) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

MLI:USA

Address

150 Schilling Boulevard, Suite 100, Collierville, TN, USA, 38017

Website

https://www.muellerindustries.com

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.

Mueller Industries (FRA:MUD) Headlines

No Headlines