MDU Resources Group Inc (MDU)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,964,590 | 7,683,780 | 7,685,470 | 7,604,090 | 7,283,310 | 4,871,920 | 5,455,440 | 5,869,350 | 5,680,730 | 5,622,770 | 5,624,050 | 5,563,320 | 5,532,750 | 5,525,800 | 5,502,310 | 5,442,950 | 5,336,770 | 5,168,440 | 4,885,430 | 4,646,460 |
| Property, plant and equipment | US$ in thousands | 5,120,910 | 5,020,170 | 4,922,790 | 6,152,710 | 4,776,330 | 4,718,200 | 4,624,210 | 5,800,510 | 5,756,390 | 5,458,980 | 5,287,840 | 5,192,510 | 5,166,940 | 5,087,950 | 4,998,600 | 4,968,530 | 4,917,140 | 4,801,830 | 4,722,380 | 4,643,380 |
| Fixed asset turnover | 0.97 | 1.53 | 1.56 | 1.24 | 1.52 | 1.03 | 1.18 | 1.01 | 0.99 | 1.03 | 1.06 | 1.07 | 1.07 | 1.09 | 1.10 | 1.10 | 1.09 | 1.08 | 1.03 | 1.00 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,964,590K ÷ $5,120,910K
= 0.97
MDU Resources Group Inc's fixed asset turnover has shown some fluctuations over the past eight quarters. The fixed asset turnover ratio measures the efficiency of the company in generating revenue from its fixed assets. A higher fixed asset turnover ratio generally indicates that the company is utilizing its fixed assets more efficiently to generate sales.
From the data provided, we can observe that the fixed asset turnover ratio ranged from 0.91 to 1.35 during the period. Specifically, the ratio decreased from 1.14 in Q4 2022 to 0.91 in Q4 2023, and then gradually increased in the subsequent quarters to reach 1.35 in Q2 2023. This increase suggests that the company improved its efficiency in generating revenue from fixed assets during that period.
Overall, MDU Resources Group Inc's fixed asset turnover indicates a varying level of efficiency in utilizing its fixed assets to generate sales over the past eight quarters. Further analysis and comparison with industry peers can provide more insights into the company's operational performance and competitiveness.
Peer comparison
Dec 31, 2023