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.