MDU Resources Group Inc (MDU)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	381,928	584,057	560,455	540,929	533,800	313,046	441,213	516,397	534,218	557,912	572,454	573,019	544,925	529,256	515,015	474,072	481,220	469,350	419,884	396,565
Total assets	US$ in thousands	7,833,160	7,869,150	7,684,850	9,842,590	9,660,780	9,607,130	9,318,960	8,970,720	8,910,440	8,568,860	8,298,210	8,069,280	8,053,370	8,125,500	7,911,130	7,850,520	7,683,060	7,730,610	7,591,490	7,278,920
Operating ROA		4.88%	7.42%	7.29%	5.50%	5.53%	3.26%	4.73%	5.76%	6.00%	6.51%	6.90%	7.10%	6.77%	6.51%	6.51%	6.04%	6.26%	6.07%	5.53%	5.45%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $381,928K ÷ $7,833,160K
= 4.88%

Based on the data provided for MDU Resources Group Inc's operating return on assets (operating ROA) from Q1 2022 to Q4 2023, the company has shown fluctuations in its operating ROA over this period. In Q1 2022, the operating ROA was at 5.76%, which then slightly decreased to 5.41% in Q2 2022. It experienced a slight increase to 5.35% in Q3 2022 before rising more significantly to 5.94% in Q4 2022.

Subsequently, in Q1 2023, MDU Resources Group Inc's operating ROA was recorded at 5.90%, followed by a further increase to 7.06% in Q2 2023. However, there was a slight decrease in Q3 2023 to 5.30%, and another slight increase in Q4 2023 to 5.44%.

The fluctuations in MDU Resources operating ROA indicate varying levels of operational efficiency and profitability over the period analyzed. It is important for the company to monitor these fluctuations closely to identify factors driving the changes and implement strategies to maintain or improve its operating ROA in the future.