MDU Resources Group Inc (MDU)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,964,590 | 7,683,780 | 7,685,470 | 7,604,090 | 7,283,310 | 4,871,920 | 5,455,440 | 5,869,350 | 5,680,730 | 5,622,770 | 5,624,050 | 5,563,320 | 5,532,750 | 5,525,800 | 5,502,310 | 5,442,950 | 5,336,770 | 5,168,440 | 4,885,430 | 4,646,460 |
| Receivables | US$ in thousands | 942,782 | 893,019 | 934,173 | 1,291,950 | 1,064,340 | 850,137 | 760,696 | 948,024 | 946,741 | 979,862 | 903,831 | 784,582 | 873,986 | 1,009,430 | 920,824 | 835,468 | 836,605 | 968,279 | 890,579 | 722,152 |
| Receivables turnover | 5.27 | 8.60 | 8.23 | 5.89 | 6.84 | 5.73 | 7.17 | 6.19 | 6.00 | 5.74 | 6.22 | 7.09 | 6.33 | 5.47 | 5.98 | 6.51 | 6.38 | 5.34 | 5.49 | 6.43 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,964,590K ÷ $942,782K
= 5.27
MDU Resources Group Inc's receivables turnover has shown fluctuations over the past eight quarters. The receivables turnover ratio measures how efficiently a company collects its outstanding receivables during a specific period. A higher receivables turnover ratio indicates that the company is able to collect its outstanding receivables more quickly.
Looking at the trend, we observe that the receivables turnover ratio has been relatively volatile, ranging from a low of 4.94 in Q4 2023 to a high of 7.13 in Q2 2023. In general, the company's receivables turnover has been above 5 over the past two years, indicating a reasonably efficient collection process.
The peak in Q2 2023 at 7.13 suggests that MDU Resources Group Inc was particularly effective in collecting its outstanding receivables during that period. However, the sharp decline in Q4 2023 to 4.94 may raise concerns about the company's ability to collect receivables efficiently during that quarter.
Overall, the company's receivables turnover performance has been mixed, with some quarters showing strong performance and others indicating room for improvement. It would be essential for the company to closely monitor its receivables turnover ratio and implement strategies to maintain efficient collections to ensure healthy cash flows.
Peer comparison
Dec 31, 2023