MDU Resources Group Inc (MDU)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,300,705 | 3,846,935 | 4,655,905 | 5,203,890 | 5,007,047 | 4,774,031 | 4,439,981 | 4,200,881 | 4,104,943 | 4,094,200 | 4,096,220 | 4,049,090 | 4,058,931 | 4,050,309 | 4,047,309 | 4,038,969 | 3,919,483 | 3,795,296 | 3,579,067 | 3,436,661 |
| Inventory | US$ in thousands | 87,392 | 80,235 | 60,154 | 425,834 | 64,248 | 89,814 | 50,977 | 380,316 | 335,609 | 312,285 | 316,328 | 316,737 | 291,167 | 286,223 | 302,837 | 305,958 | 278,407 | 286,057 | 325,944 | 311,535 |
| Inventory turnover | 37.77 | 47.95 | 77.40 | 12.22 | 77.93 | 53.15 | 87.10 | 11.05 | 12.23 | 13.11 | 12.95 | 12.78 | 13.94 | 14.15 | 13.36 | 13.20 | 14.08 | 13.27 | 10.98 | 11.03 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,300,705K ÷ $87,392K
= 37.77
MDU Resources Group Inc's inventory turnover has shown significant fluctuations over the past eight quarters. In Q2 2023, the company achieved a high inventory turnover ratio of 15.80, indicating that it sold its inventory almost 16 times during that quarter. This suggests efficient management of inventory and a quicker turnaround of goods, which is generally seen as a positive sign.
On the other hand, in Q1 2023, the inventory turnover ratio dropped to 2.23, the lowest among the data points provided. This could indicate potential issues such as overstocking, slow-moving inventory, or difficulties in selling goods. It is important to investigate further to understand the reasons behind this significant drop and address any underlying problems.
Overall, the trend in MDU Resources Group Inc's inventory turnover ratios shows some variability, with periods of improvement followed by declines. It would be beneficial for the company to maintain a consistent and efficient inventory turnover to ensure optimal use of resources and maximize profitability.
Peer comparison
Dec 31, 2023
Dec 31, 2023