MDU Resources Group Inc (MDU)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,758,000 | 4,657,340 | 6,973,900 | 5,680,700 | 5,532,700 |
| Property, plant and equipment | US$ in thousands | — | — | 6,091,540 | 5,756,390 | 5,166,940 |
| Fixed asset turnover | — | — | 1.14 | 0.99 | 1.07 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,758,000K ÷ $—K
= —
The fixed asset turnover ratio for MDU Resources Group Inc has shown some fluctuations over the years. In 2020, the ratio was 1.07, indicating that the company generated $1.07 in revenue for every dollar invested in fixed assets. In 2021, the ratio slightly decreased to 0.99, suggesting a decrease in efficiency in utilizing its fixed assets to generate revenue.
However, there was an improvement in 2022, with the ratio increasing to 1.14, indicating better utilization of fixed assets to generate revenue. The data for 2023 and 2024 is not available (denoted as "—"), making it challenging to assess the trend beyond 2022.
Overall, MDU Resources Group Inc's fixed asset turnover ratio has shown variability, indicating fluctuations in the company's ability to efficiently generate revenue from its fixed assets. Monitoring this ratio over time can provide insights into the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2024