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.
Peer comparison
Dec 31, 2023