MDU Resources Group Inc (MDU)
Working capital 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 current assets | US$ in thousands | 666,259 | 1,363,720 | 2,011,750 | 1,550,940 | 1,337,350 |
| Total current liabilities | US$ in thousands | 678,598 | 1,075,730 | 1,479,600 | 1,092,240 | 963,522 |
| Working capital turnover | — | 16.17 | 13.11 | 12.38 | 14.80 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,758,000K ÷ ($666,259K – $678,598K)
= —
Based on the data provided for MDU Resources Group Inc, the working capital turnover ratio for the years 2020 through 2024 are as follows: 14.80, 12.38, 13.11, 16.17, and not available for 2024.
The working capital turnover ratio indicates how efficiently the company is using its working capital to generate revenue. A higher ratio signifies that the company is effectively managing its working capital to support its operations and generate sales.
In the case of MDU Resources Group Inc, we see a fluctuating trend in the working capital turnover ratio over the years. The ratio decreased from 14.80 in 2020 to 12.38 in 2021, indicating a potential inefficiency in using working capital during that period. However, there was an improvement in the ratio in 2022 and a significant increase to 16.17 in 2023, suggesting better utilization of working capital to drive sales during those years.
It is important to note that the data for 2024 is not available, so further analysis for that year is not possible at this time. Overall, the company's working capital turnover ratio has shown variation, which can be influenced by changes in operating activities, management of inventory, accounts receivable, and accounts payable. Further examination would be required to understand the underlying reasons for the fluctuations in the ratio and to assess the company's overall efficiency in managing its working capital.
Peer comparison
Dec 31, 2024