MDU Resources Group Inc (MDU)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 425,978 | 369,999 | 534,219 | 544,925 | 481,220 |
| Total assets | US$ in thousands | 7,833,160 | 9,660,780 | 8,910,440 | 8,053,370 | 7,683,060 |
| Operating ROA | 5.44% | 3.83% | 6.00% | 6.77% | 6.26% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $425,978K ÷ $7,833,160K
= 5.44%
MDU Resources Group Inc's operating return on assets (operating ROA) has shown a gradual downward trend over the past five years, decreasing from 6.26% in 2019 to 5.44% in 2023. This indicates that the company's ability to generate operating income from its assets has slightly weakened over this period. Despite the fluctuations, MDU Resources Group Inc's operating ROA remained relatively stable around the 6% range from 2020 to 2022, showing consistency in utilizing its assets to generate operating profits. However, the decline in 2023 suggests a potential need for the company to improve its operational efficiency and asset utilization to enhance profitability in the future.
Peer comparison
Dec 31, 2023