1-Year Return on Invested Incremental Capital (1-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 1-year.
Mueller Industries's 1-Year ROIIC % for the quarter that ended in Sep. 2024 was -5.43%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Mueller Industries's 1-Year ROIIC % or its related term are showing as below:
MLI's 1-Year ROIIC % is ranked worse than 58.93% of 2922
companies
in the Industrial Products industry
Industry Median: 1.825
vs MLI: -5.43
Mueller Industries 1-Year ROIIC % Historical Data
The historical data trend for Mueller Industries's 1-Year ROIIC % 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 1-Year ROIIC %
For the Metal Fabrication subindustry, Mueller Industries's 1-Year ROIIC %, along with its competitors' market caps and 1-Year ROIIC % 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 1-Year ROIIC % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mueller Industries's 1-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Mueller Industries's 1-Year ROIIC % falls into.
Mueller Industries 1-Year ROIIC % Calculation
Mueller Industries's 1-Year ROIIC % for the quarter that ended in Sep. 2024 is calculated as:
1-Year ROIIC %
=
1-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
1-Year Incremental Invested Capital
=
( 548.7512 (Sep. 2024) - 583.2892 (Sep. 2023) )
/
( 2004.84 (Sep. 2024) - 1368.276 (Sep. 2023) )
=
-34.538
/
636.564
=
-5.43%***
* 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.
** TTM data of NOPAT and Invested Capital was used to calculate 1-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Mueller Industries 1-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Mueller Industries's 1-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
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 majority of the company's revenue, produces tubes, fittings, rods, valves, and other products and operates various firms world-wide. 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.
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