MDU Resources Group Inc (MDU)
Payables 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 |
| Payables | US$ in thousands | 475,215 | 414,479 | 399,339 | 547,188 | 525,560 | 452,379 | 394,317 | 449,746 | 478,933 | 525,704 | 431,878 | 379,348 | 426,264 | 436,718 | 433,362 | 384,339 | 403,391 | 378,370 | 356,059 | 352,180 |
| Payables turnover | 6.95 | 9.28 | 11.66 | 9.51 | 9.53 | 10.55 | 11.26 | 9.34 | 8.57 | 7.79 | 9.48 | 10.67 | 9.52 | 9.27 | 9.34 | 10.51 | 9.72 | 10.03 | 10.05 | 9.76 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,300,705K ÷ $475,215K
= 6.95
MDU Resources Group Inc's payables turnover ratio has shown fluctuations over the past eight quarters, ranging from a low of 1.16 in Q3 2022 to a high of 2.38 in Q2 2023. The payables turnover ratio measures how efficiently the company pays its suppliers. A higher ratio generally indicates that the company is managing its payables effectively by paying its suppliers more quickly.
The company's payables turnover ratio has been increasing overall since Q3 2022, which could suggest that MDU Resources Group Inc has been improving its payables management and paying its suppliers more efficiently. However, the ratio experienced a slight dip in Q4 2023 compared to the previous two quarters. This fluctuation may warrant further investigation to understand the factors driving the change in payables turnover.
Overall, a rising trend in payables turnover ratio is generally a positive indicator of effective cash flow management and strong supplier relationships for MDU Resources Group Inc.
Peer comparison
Dec 31, 2023