MDU Resources Group Inc (MDU)
Total asset 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 |
| Total assets | US$ in thousands | 7,833,160 | 7,869,150 | 7,684,850 | 9,842,590 | 9,660,780 | 9,607,130 | 9,318,960 | 8,970,720 | 8,910,440 | 8,568,860 | 8,298,210 | 8,069,280 | 8,053,370 | 8,125,500 | 7,911,130 | 7,850,520 | 7,683,060 | 7,730,610 | 7,591,490 | 7,278,920 |
| Total asset turnover | 0.63 | 0.98 | 1.00 | 0.77 | 0.75 | 0.51 | 0.59 | 0.65 | 0.64 | 0.66 | 0.68 | 0.69 | 0.69 | 0.68 | 0.70 | 0.69 | 0.69 | 0.67 | 0.64 | 0.64 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,964,590K ÷ $7,833,160K
= 0.63
MDU Resources Group Inc's total asset turnover has shown some variability over the past eight quarters, ranging from 0.59 to 0.87. The metric measures the efficiency of the company in generating sales revenue from its total assets. A higher total asset turnover ratio indicates that the company is more effectively utilizing its assets to generate revenue.
In Q1 and Q3 of 2023, MDU Resources Group Inc experienced relatively higher total asset turnover ratios of 0.87 and 0.72, respectively, which could suggest improved efficiency in asset utilization during those periods. However, this efficiency dropped in Q4 2023 to 0.59, the lowest ratio in the dataset, indicating a potential decrease in revenue generated per dollar of assets.
Overall, the trend in total asset turnover for MDU Resources Group Inc appears somewhat inconsistent, with fluctuations occurring across different quarters. Further analysis and comparison with industry benchmarks may provide additional insight into the company's asset utilization efficiency.
Peer comparison
Dec 31, 2023