MDU Resources Group Inc (MDU)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,902,995 | 3,752,295 | 3,710,671 | 3,703,390 | 4,184,600 | 4,773,900 | 5,579,100 | 6,127,200 | 5,828,710 | 5,481,110 | 5,125,810 | 4,830,910 | 4,635,820 | 4,556,020 | 4,543,520 | 4,484,920 | 4,485,400 | 4,500,400 | 4,502,600 | 4,497,400 |
| Inventory | US$ in thousands | 44,940 | 91,889 | 69,736 | 57,429 | 87,392 | 80,235 | 60,154 | 425,834 | 387,525 | 398,642 | 401,433 | 380,316 | 335,609 | 312,285 | 316,328 | 316,737 | 291,167 | 286,223 | 302,837 | 305,958 |
| Inventory turnover | 64.60 | 40.84 | 53.21 | 64.49 | 47.88 | 59.50 | 92.75 | 14.39 | 15.04 | 13.75 | 12.77 | 12.70 | 13.81 | 14.59 | 14.36 | 14.16 | 15.40 | 15.72 | 14.87 | 14.70 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,902,995K ÷ $44,940K
= 64.60
MDU Resources Group Inc's inventory turnover ratio provides insight into how efficiently the company manages its inventory. The trend in the inventory turnover ratio over the period indicates the number of times MDU Resources Group Inc's inventory was sold and replaced during the respective periods.
From the data provided, we can observe fluctuations in the inventory turnover ratio over time. The inventory turnover ratio was relatively stable around 14-15 times from March 2020 to December 2021, suggesting a consistent level of inventory management efficiency during that period.
However, there was a significant increase in the inventory turnover ratio from March to June 2022, reaching 92.75 times, which may indicate a sudden spike in sales relative to the inventory levels. This spike was not sustained, as the ratio decreased notably in the following quarters through December 2024.
Overall, it is important for MDU Resources Group Inc to monitor its inventory turnover ratio to ensure optimal inventory management practices. Fluctuations in the ratio may signal changes in demand, production efficiency, or inventory management strategies that require attention and adjustment to maintain a balance between carrying costs and stockouts.
Peer comparison
Dec 31, 2024
Dec 31, 2024