MDU Resources Group Inc (MDU)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,758,000 | 4,657,340 | 6,973,900 | 5,680,700 | 5,532,700 |
| Total assets | US$ in thousands | 7,038,820 | 7,833,160 | 9,660,780 | 8,910,440 | 8,053,370 |
| Total asset turnover | 0.25 | 0.59 | 0.72 | 0.64 | 0.69 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,758,000K ÷ $7,038,820K
= 0.25
The total asset turnover of MDU Resources Group Inc has exhibited fluctuations over the years based on the data provided. In December 31, 2020, the total asset turnover stood at 0.69, indicating that the company generated $0.69 in revenue for every dollar of total assets. This ratio decreased to 0.64 by December 31, 2021, implying a slight decline in the company's efficiency in utilizing its assets to generate revenue.
However, the total asset turnover ratio increased to 0.72 by December 31, 2022, indicating an improvement in the company's ability to generate more revenue with its total assets. The trend reversed in the following years, with the ratio dropping to 0.59 by December 31, 2023, and significantly decreasing to 0.25 by December 31, 2024.
The notable decrease in the total asset turnover ratio in 2024 suggests a potential decrease in the company's efficiency in generating revenue from its total assets. This decline may be a result of various factors such as inefficient asset utilization, changes in business operations, or economic challenges.
Overall, MDU Resources Group Inc's total asset turnover has shown varying performance over the years, reflecting changes in the company's asset utilization efficiency and revenue generation capabilities.
Peer comparison
Dec 31, 2024