MDU Resources Group Inc (MDU)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,186,040 | 4,035,300 | 5,828,800 | 4,635,800 | 4,485,400 |
| Inventory | US$ in thousands | 44,940 | 87,392 | 387,525 | 335,609 | 291,167 |
| Inventory turnover | 26.39 | 46.17 | 15.04 | 13.81 | 15.40 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,186,040K ÷ $44,940K
= 26.39
Based on the data provided, MDU Resources Group Inc's inventory turnover has been relatively stable over the past five years, ranging from 13.81 to 46.17.
The inventory turnover ratio indicates how many times a company sells and replaces its inventory within a given period. A higher ratio typically indicates more efficient inventory management and faster inventory turnover.
In the case of MDU Resources Group Inc, the inventory turnover increased significantly from 13.81 in 2021 to 46.17 in 2023, suggesting that the company was able to sell and replace its inventory at a much faster rate during that period.
However, there was a sharp decrease in inventory turnover to 26.39 in 2024, indicating a potential slowdown in inventory management efficiency compared to the peak in 2023.
Overall, MDU Resources Group Inc's inventory turnover performance has shown fluctuations over the years, with a notable increase in 2023 followed by a decrease in 2024. Further analysis of the company's inventory management practices and industry trends may be needed to understand the reasons behind these changes.
Peer comparison
Dec 31, 2024