MDU Resources Group Inc (MDU)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,663,871 | 1,841,504 | 2,008,943 | 2,090,752 | 1,966,819 | 1,783,777 | 1,726,638 | 1,668,479 | 1,575,796 | 2,516,515 | 2,515,770 | 2,502,166 | 2,461,760 | 2,454,810 | 2,434,319 | 2,383,304 | 2,396,608 | 2,228,278 | 2,161,495 | 2,064,926 |
| 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 |
| Gross profit margin | 33.51% | 23.97% | 26.14% | 27.50% | 27.00% | 36.61% | 31.65% | 28.43% | 27.74% | 44.76% | 44.73% | 44.98% | 44.49% | 44.42% | 44.24% | 43.79% | 44.91% | 43.11% | 44.24% | 44.44% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,663,871K ÷ $4,964,590K
= 33.51%
MDU Resources Group Inc's gross profit margin has shown a declining trend over the past eight quarters, decreasing from 87.81% in Q4 2022 to 81.73% in Q4 2023. This indicates a potential decrease in the company's ability to generate profit from its core operations. However, it is worth noting that the gross profit margin remained relatively stable around the 88% mark from Q2 2022 to Q3 2023, showing some consistency in the company's ability to maintain profitability. Further analysis is needed to understand the factors contributing to the fluctuations in gross profit margin and to evaluate the overall financial performance of MDU Resources Group Inc.
Peer comparison
Dec 31, 2023