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.