MDU Resources Group Inc (MDU)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,847,380 | 4,447,180 | 4,397,460 | 4,441,020 | 4,964,500 | 5,688,400 | 6,664,810 | 7,294,610 | 6,973,870 | 6,557,770 | 6,166,560 | 5,869,360 | 5,680,740 | 5,622,840 | 5,624,140 | 5,563,340 | 5,532,800 | 5,525,800 | 5,502,300 | 5,443,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 5,095,900 | 4,922,790 | 6,152,710 | 6,091,540 | 5,993,850 | 5,888,810 | 5,800,510 | 5,756,390 | 5,458,980 | 5,400,280 | 5,192,510 | 5,166,940 | 5,087,950 | 4,998,600 | 4,968,530 |
| Fixed asset turnover | — | — | — | — | — | 1.12 | 1.35 | 1.19 | 1.14 | 1.09 | 1.05 | 1.01 | 0.99 | 1.03 | 1.04 | 1.07 | 1.07 | 1.09 | 1.10 | 1.10 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,847,380K ÷ $—K
= —
MDU Resources Group Inc's fixed asset turnover ratio has shown fluctuating trends over the reported periods. The ratio measures the efficiency with which the company generates revenue from its investment in fixed assets.
From March 31, 2020, to June 30, 2021, the fixed asset turnover ratio remained relatively stable around 1.10, indicating a consistent ability to generate revenue relative to its investment in fixed assets. However, from September 30, 2021, the ratio started to decline gradually to reach its lowest point of 0.99 by December 31, 2021. This decline suggests that the company may not be efficiently utilizing its fixed assets to generate revenue during this period.
The ratio then began to recover from March 31, 2022, increasing steadily to reach 1.35 by June 30, 2023. This substantial improvement indicates improved efficiency in generating revenue from fixed assets during this period.
However, from September 30, 2023, to the end of the reported period on December 31, 2024, the fixed asset turnover ratio has not been reported (denoted as "—"). This absence of data makes it challenging to provide a complete analysis of the company's fixed asset turnover performance for these periods.
Overall, the trend in MDU Resources Group Inc's fixed asset turnover ratio highlights periods of both efficiency and potential challenges in utilizing fixed assets to generate revenue. Stakeholders should monitor future financial reports to assess ongoing performance in this aspect.
Peer comparison
Dec 31, 2024