MDU Resources Group Inc (MDU)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 281,107 | 396,682 | 406,996 | 477,252 | 414,707 | 361,062 | 434,104 | 374,112 | 367,522 | 336,934 | 328,263 | 357,763 | 378,131 | 403,931 | 417,731 | 417,231 | 390,200 | 373,000 | 357,500 | 319,600 |
| Total stockholders’ equity | US$ in thousands | 2,691,000 | 3,057,980 | 3,017,800 | 2,980,940 | 2,905,000 | 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 | 3,013,000 | 2,898,000 | 2,837,000 |
| ROE | 10.45% | 12.97% | 13.49% | 16.01% | 14.28% | 13.09% | 16.04% | 10.46% | 10.25% | 9.65% | 9.69% | 10.65% | 11.18% | 12.12% | 13.06% | 13.46% | 12.67% | 12.38% | 12.34% | 11.27% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $281,107K ÷ $2,691,000K
= 10.45%
MDU Resources Group Inc's return on equity (ROE) has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ROE increased steadily from 11.27% in March 2020 to a peak of 16.04% in June 2023, indicating improved profitability and efficiency in generating returns for shareholders.
However, there was a slight decrease in ROE during the following periods, with a decline to 9.65% in September 2022, which may suggest challenges in maintaining the same level of return on equity. Subsequently, the ROE experienced some recovery, reaching 14.28% by the end of December 2023.
The ROE dipped again to 10.45% by December 31, 2024, reflecting a decline in profitability or efficiency in utilizing equity to generate returns for shareholders compared to the previous periods.
Overall, MDU Resources Group Inc's ROE performance has depicted a mix of upward and downward trends, indicating varying levels of profitability and efficiency in managing shareholder equity during the period under review. It is important for the company to analyze the underlying factors contributing to these fluctuations to sustain or improve its ROE in the future.
Peer comparison
Dec 31, 2024