MDU Resources Group Inc (MDU)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 281,108 | 414,707 | 367,489 | 378,131 | 390,205 |
| Total assets | US$ in thousands | 7,038,820 | 7,833,160 | 9,660,780 | 8,910,440 | 8,053,370 |
| ROA | 3.99% | 5.29% | 3.80% | 4.24% | 4.85% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $281,108K ÷ $7,038,820K
= 3.99%
The return on assets (ROA) for MDU Resources Group Inc has fluctuated over the past five years. As of December 31, 2020, the ROA was 4.85%, indicating that the company generated $0.0485 in net income for every dollar of assets it possessed. By December 31, 2021, the ROA decreased slightly to 4.24%, suggesting a slight decrease in the company's ability to generate profit from its assets.
However, by December 31, 2022, the ROA further declined to 3.80%, signaling a decrease in the company's efficiency in generating profits from its assets. The following year saw an improvement in performance, with the ROA increasing to 5.29% by December 31, 2023, indicating the company's ability to generate more profit per dollar of assets.
Nonetheless, by December 31, 2024, the ROA decreased to 3.99%, showing a reduction in the company's profitability relative to its asset base compared to the previous year. Overall, the fluctuation in MDU Resources Group Inc's ROA over the five-year period reflects variable efficiency in utilizing its assets to generate profits. Monitoring this metric can provide insights into the company's operational performance and financial health.
Peer comparison
Dec 31, 2024