Mueller Water Products, (STU:JT5) ROCE % : 19.41% (As of Mar. 2024)

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What is Mueller Water Products, ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Mueller Water Products,'s annualized ROCE % for the quarter that ended in Mar. 2024 was 19.41%.

Mueller Water Products, ROCE % Historical Data

The historical data trend for Mueller Water Products,'s ROCE % 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.

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Mueller Water Products, ROCE % Chart

Mueller Water Products, Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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9.39

9.64

9.27

9.81

9.57

Mueller Water Products, Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.98	10.95	7.91	6.62	19.41

Mueller Water Products, ROCE % Calculation

Mueller Water Products,'s annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	118.437	/	( ( (1513.081 - 243.41)	+	(1410.185 - 205.016) )	/ 2 )
	=	118.437	/	( (1269.671	+	1205.169)	/ 2 )
	=	118.437	/	1237.42
	=	9.57 %

Mueller Water Products,'s ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	234.784	/	( ( (1401.91 - 203.207)	+	(1416.248 - 195.316) )	/ 2 )
	=	234.784	/	( ( 1198.703	+	1220.932 )	/ 2 )
	=	234.784	/	1209.8175
	=	19.41 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Mueller Water Products, (STU:JT5) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Mueller Water Products, ROCE % Related Terms

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Mueller Water Products, (STU:JT5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mueller Water Products, Inc. (STU:JT5) » Definitions » ROCE %

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MWA:USA

Address

1200 Abernathy Road N.E., Suite 1200, Atlanta, GA, USA, 30328

Website

https://www.muellerwaterproducts.com

Mueller Water Products, Inc. is a U.S.-based company that manufactures and sells products and services used in the transmission, distribution, and measurement of water. The company operates in two segments Water Flow Solutions and Water Management Solutions. Water Flow Solutions' portfolio includes iron gate valves, specialty valves and service brass products. Water Management Solutions' portfolio includes fire hydrants, repair and installation, natural gas, metering, leak detection, and pressure management and control products and solutions. The company derives a majority of its revenue from the United states.

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