MDU Resources Group Inc (MDU)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 414,707 | 361,062 | 434,104 | 374,079 | 367,489 | 336,935 | 328,240 | 357,763 | 378,131 | 403,891 | 417,693 | 417,206 | 390,205 | 372,976 | 357,535 | 319,657 | 335,453 | 319,216 | 288,830 | 270,807 |
| 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 |
| ROA | 5.29% | 4.59% | 5.65% | 3.80% | 3.80% | 3.51% | 3.52% | 3.99% | 4.24% | 4.71% | 5.03% | 5.17% | 4.85% | 4.59% | 4.52% | 4.07% | 4.37% | 4.13% | 3.80% | 3.72% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $414,707K ÷ $7,833,160K
= 5.29%
MDU Resources Group Inc's return on assets (ROA) has shown fluctuations over the past eight quarters. The company's ROA ranged from a low of 3.51% in Q3 2022 to a high of 5.65% in Q2 2023. Overall, the ROA has generally been trending upwards since Q3 2022, indicating improved efficiency in generating profits from its assets.
A higher ROA suggests that the company is better at utilizing its assets to generate profits. MDU Resources' ROA in the most recent quarter, Q4 2023, stood at 5.29%, which indicates that the company generated $0.0529 in profit for every dollar of assets it owns during that quarter.
Investors and stakeholders typically use ROA as a measure of how well a company is utilizing its assets to generate earnings. The increasing trend in MDU Resources Group Inc's ROA over the past quarters may indicate effective management of its assets to generate profits, which could be a positive sign for the company's financial health and operational efficiency. It would be important to monitor future trends in ROA to assess the company's ongoing performance and asset management strategies.
Peer comparison
Dec 31, 2023