MDU Resources Group Inc (MDU)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 590,450 | 665,246 | 717,255 | 597,387 | 577,010 | 462,895 | 485,941 | 537,475 | 561,035 | 589,774 | 602,747 | 604,190 | 571,313 | 546,291 | 531,898 | 481,326 | 497,320 | 479,345 | 427,921 | 405,633 |
| Long-term debt | US$ in thousands | 2,236,900 | 2,279,830 | 2,246,100 | 2,769,040 | 2,317,850 | 2,192,410 | 2,003,880 | 2,599,810 | 2,593,850 | 2,326,720 | 2,335,500 | 2,251,720 | 2,211,580 | 2,268,730 | 2,265,320 | 2,438,680 | 2,226,570 | 2,180,950 | 2,327,980 | 1,946,180 |
| 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 |
| Return on total capital | 11.48% | 13.21% | 14.48% | 9.42% | 9.77% | 8.14% | 9.01% | 9.02% | 9.39% | 10.42% | 10.89% | 11.29% | 10.80% | 10.34% | 10.30% | 9.12% | 9.80% | 9.63% | 8.58% | 8.91% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $590,450K ÷ ($2,236,900K + $2,905,230K)
= 11.48%
MDU Resources Group Inc's return on total capital has shown some fluctuations over the past eight quarters. The return on total capital ranged from a low of 7.72% in Q3 2023 to a high of 10.24% in Q2 2023. Overall, the company's return on total capital has been relatively stable, staying within the range of 7.72% to 10.24% over the period analyzed. This indicates that the company has been efficiently utilizing its capital to generate returns for its shareholders, with variations in performance seen across different quarters.
Peer comparison
Dec 31, 2023
Company name
Symbol
Return on total capital
MDU Resources Group Inc
MDU
11.48%
Knife River Corporation
KNF
15.63%
Martin Marietta Materials Inc
MLM
13.58%
Vulcan Materials Company
VMC
12.56%