MDU Resources Group Inc (MDU)
Days of inventory on hand (DOH)
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 64.60 | 40.84 | 53.21 | 64.49 | 47.88 | 59.50 | 92.75 | 14.39 | 15.04 | 13.75 | 12.77 | 12.70 | 13.81 | 14.59 | 14.36 | 14.16 | 15.40 | 15.72 | 14.87 | 14.70 | |
| DOH | days | 5.65 | 8.94 | 6.86 | 5.66 | 7.62 | 6.13 | 3.94 | 25.37 | 24.27 | 26.55 | 28.59 | 28.73 | 26.42 | 25.02 | 25.41 | 25.78 | 23.69 | 23.21 | 24.55 | 24.83 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 64.60
= 5.65
The days of inventory on hand (DOH) for MDU Resources Group Inc have shown some fluctuations over the past few quarters.
From March 31, 2020, to December 31, 2021, the DOH remained relatively stable between 23 to 26 days, indicating that MDU Resources effectively managed its inventory levels during this period.
However, there was a notable increase in DOH during the first half of 2022, reaching a peak of 28.73 days by March 31, 2022. This could suggest a buildup of inventory or slower inventory turnover during that period.
Subsequently, there was a significant drop in DOH in the second quarter of 2023, down to just 3.94 days, followed by a gradual increase reaching 8.94 days by September 30, 2024.
The sudden decrease and subsequent increase in inventory days in 2023 could indicate operational changes or challenges impacting inventory management practices within MDU Resources during that period.
Overall, while there have been fluctuations in MDU Resources' DOH, the company's ability to keep its inventory days within a reasonable range for the most part suggests efficient inventory management practices.
Peer comparison
Dec 31, 2024