MDU Resources Group Inc (MDU)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,847,380 | 4,447,180 | 4,397,460 | 4,441,020 | 4,964,500 | 5,688,400 | 6,664,810 | 7,294,610 | 6,973,870 | 6,557,770 | 6,166,560 | 5,869,360 | 5,680,740 | 5,622,840 | 5,624,140 | 5,563,340 | 5,532,800 | 5,525,800 | 5,502,300 | 5,443,000 |
| Total assets | US$ in thousands | 7,039,000 | 8,172,650 | 7,960,340 | 7,839,870 | 7,833,000 | 7,869,150 | 7,684,850 | 9,842,590 | 9,660,780 | 9,607,130 | 9,329,120 | 8,970,720 | 8,910,440 | 8,568,860 | 8,298,210 | 8,069,280 | 8,053,370 | 8,125,000 | 7,911,000 | 7,851,000 |
| Total asset turnover | 0.55 | 0.54 | 0.55 | 0.57 | 0.63 | 0.72 | 0.87 | 0.74 | 0.72 | 0.68 | 0.66 | 0.65 | 0.64 | 0.66 | 0.68 | 0.69 | 0.69 | 0.68 | 0.70 | 0.69 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,847,380K ÷ $7,039,000K
= 0.55
The total asset turnover of MDU Resources Group Inc has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.69 in March 2020, increased marginally to 0.70 by June 2020, and then declined to 0.68 by September 2020. It remained relatively stable around 0.69 for the next few quarters before experiencing a slight decline to 0.64 by December 2021.
From March 2022 to June 2023, the total asset turnover ratio increased steadily, reaching its peak at 0.87 by June 30, 2023. However, the ratio saw a significant drop to 0.63 by December 31, 2023, which was followed by a further decline to 0.57 by March 31, 2024, and 0.55 by June 30, 2024.
The ratio continued to decrease, reaching 0.54 by September 30, 2024, but showed a slight improvement back to 0.55 by December 31, 2024. Overall, the total asset turnover ratio of MDU Resources Group Inc has displayed a mixed performance, with fluctuations observed throughout the period under review.
Peer comparison
Dec 31, 2024