MDU Resources Group Inc (MDU)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 2,905,230 | 2,757,430 | 2,706,190 | 3,575,380 | 3,587,130 | 3,491,860 | 3,386,810 | 3,360,720 | 3,382,870 | 3,332,280 | 3,198,800 | 3,100,310 | 3,079,100 | 3,012,760 | 2,897,690 | 2,836,590 | 2,847,250 | 2,795,610 | 2,660,300 | 2,605,690 |
| ROE | 14.27% | 13.09% | 16.04% | 10.46% | 10.24% | 9.65% | 9.69% | 10.65% | 11.18% | 12.12% | 13.06% | 13.46% | 12.67% | 12.38% | 12.34% | 11.27% | 11.78% | 11.42% | 10.86% | 10.39% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $414,707K ÷ $2,905,230K
= 14.27%
To analyze MDU Resources Group Inc's return on equity (ROE), we observe the trend of ROE over the past 8 quarters. The ROE has been fluctuating within a range, showing variations from quarter to quarter.
The company's ROE has averaged around 12% over this period, indicating that the company is generating a reasonable return on its equity. In Q2 2023, the ROE reached its highest point at 16.04%, suggesting improved efficiency in generating profits from shareholders' equity.
However, in Q1 2023, the ROE dipped to 10.46%, indicating a decreased profitability relative to the equity invested. It's worth noting that the ROE in the final quarter of 2023 rebounded to 14.27%, showing a positive direction compared to the previous quarter.
Overall, while the company's ROE has shown some volatility, it has generally remained above 10% over the period analyzed, indicating that MDU Resources Group Inc is effectively utilizing shareholders' equity to generate returns, though there may be opportunities to further enhance profitability in the future.
Peer comparison
Dec 31, 2023