MDU Resources Group Inc (MDU)
Working capital 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 current assets | US$ in thousands | 666,259 | 1,467,820 | 1,397,040 | 1,319,940 | 1,363,720 | 1,515,010 | 1,544,830 | 2,108,710 | 2,011,750 | 2,024,290 | 1,859,230 | 1,571,910 | 1,550,940 | 1,565,890 | 1,461,940 | 1,323,270 | 1,337,350 | 1,502,560 | 1,396,770 | 1,373,390 |
| Total current liabilities | US$ in thousands | 678,598 | 1,281,380 | 1,149,860 | 922,823 | 1,075,730 | 1,173,660 | 1,131,760 | 1,636,330 | 1,479,600 | 1,468,300 | 1,380,680 | 1,166,730 | 1,092,240 | 1,072,920 | 944,360 | 900,037 | 963,522 | 1,066,990 | 999,719 | 824,479 |
| Working capital turnover | — | 23.85 | 17.79 | 11.18 | 17.24 | 16.66 | 16.13 | 15.44 | 13.11 | 11.79 | 12.89 | 14.49 | 12.38 | 11.41 | 10.87 | 13.14 | 14.80 | 12.69 | 13.86 | 9.92 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,847,380K ÷ ($666,259K – $678,598K)
= —
The working capital turnover of MDU Resources Group Inc has shown fluctuations over the past few years. The ratio indicates how efficiently the company is managing its working capital to generate sales. A higher working capital turnover ratio generally suggests better efficiency in utilizing working capital.
From March 2020 to December 2020, the working capital turnover increased from 9.92 to 14.80, indicating an improvement in the company's efficiency in using its working capital to generate revenue. However, in the following quarters up to June 2021, there was a decrease in the ratio, suggesting a slight drop in efficiency.
From March 2022 to March 2024, the working capital turnover fluctuated between 11.18 and 17.79, with some periods showing an increase in efficiency and others a decrease. The ratio peaked at 23.85 in September 2024, indicating a significant improvement in utilizing working capital to generate sales.
Overall, MDU Resources Group Inc's working capital turnover ratio has shown variability, with periods of both improvement and decline in efficiency. It is important for the company to monitor and manage its working capital effectively to ensure optimal utilization in driving sales and operational performance.
Peer comparison
Dec 31, 2024