MDU Stock | | | USD 18.20 0.13 0.71% |
MDU Resources financial indicator trend analysis is infinitely more than just investigating MDU Resources Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MDU Resources Group is a good investment. Please check the relationship between MDU Resources Total Revenue and its Net Receivables accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MDU Resources Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Total Revenue vs Net Receivables
Total Revenue vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
MDU Resources Group Total Revenue account and
Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between MDU Resources' Total Revenue and Net Receivables is 0.96. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Net Receivables in the same time period over historical financial statements of MDU Resources Group, assuming nothing else is changed. The correlation between historical values of MDU Resources' Total Revenue and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of MDU Resources Group are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Revenue i.e., MDU Resources' Total Revenue and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Revenue
Total revenue comprises all receipts MDU Resources Group generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Net Receivables
Most indicators from MDU Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MDU Resources Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MDU Resources Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
At this time, MDU Resources'
Selling General Administrative is comparatively stable compared to the past year.
Discontinued Operations is likely to gain to about 257.2
K in 2024, whereas
Tax Provision is likely to drop slightly above 93.7
M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 1.0B | 1.1B | 622.0M | 590.9M | Total Revenue | 5.7B | 7.0B | 4.7B | 3.0B |
MDU Resources fundamental ratios Correlations
Click cells to compare fundamentals
MDU Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MDU Resources fundamental ratios Accounts
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Additional Tools for MDU Stock Analysis
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