MDU Resources Group (FRA:MRE) ROCE % : 9.98% (As of Dec. 2023)

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What is MDU Resources Group ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. MDU Resources Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.98%.

MDU Resources Group ROCE % Historical Data

The historical data trend for MDU Resources Group's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MDU Resources Group ROCE % Chart

MDU Resources Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.84

7.86

4.95

4.92

8.62

MDU Resources Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															7.00	4.14	12.49	7.52	9.98

MDU Resources Group ROCE % Calculation

MDU Resources Group's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	599.907	/	( ( (9119.777 - 1396.745)	+	(7183.007 - 986.447) )	/ 2 )
	=	599.907	/	( (7723.032	+	6196.56)	/ 2 )
	=	599.907	/	6959.796
	=	8.62 %

MDU Resources Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	622.196	/	( ( (7373.393 - 1099.715)	+	(7183.007 - 986.447) )	/ 2 )
	=	622.196	/	( ( 6273.678	+	6196.56 )	/ 2 )
	=	622.196	/	6235.119
	=	9.98 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

MDU Resources Group (FRA:MRE) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

MDU Resources Group ROCE % Related Terms

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MDU Resources Group (FRA:MRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » MDU Resources Group Inc (FRA:MRE) » Definitions » ROCE %

Comparable Companies

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MDU:USA

Address

1200 West Century Avenue, P.O. Box 5650, Bismarck, ND, USA, 58506-5650

Website

https://www.mdu.com

MDU Resources Group Inc operates in five business segments, which includes: Electric segment, which generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming; The natural gas distribution segment distributes natural gas in those states, as well as in Idaho, Minnesota, Oregon and Washington; The pipeline segment provides natural gas transportation and underground storage services through a regulated pipeline system primarily in the Rocky Mountain and northern Great Plains regions of the United States; The construction materials and contracting segment mines, processes and sells construction aggregates (crushed stone, sand, and gravel); produces and sells asphalt mix, and supplies ready-mixed concrete; and The construction services segment.

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