MGE Energy Inc (MGEE)

Days of inventory on hand (DOH)

		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
Inventory turnover		0.38	0.35	0.33	0.33	0.32	0.29	0.29	0.29	0.26	0.24	0.31	0.45	0.38	0.40	0.44	0.51	0.39	0.37	0.41	0.47
DOH	days	958.14	1,050.29	1,119.34	1,104.62	1,156.76	1,238.49	1,271.05	1,252.02	1,387.29	1,525.90	1,170.78	813.34	970.84	905.81	833.94	714.58	934.55	980.24	898.12	773.05

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.38
= 958.14

The Days of Inventory on Hand (DOH) for MGE Energy Inc show fluctuations over the quarters. From March 31, 2020, to December 31, 2024, the DOH ranged from a low of 714.58 days to a high of 1,525.90 days. There are noticeable peaks and valleys in the trend, indicating potential inventory management challenges or shifts in demand for MGE Energy Inc. In recent quarters, the DOH has been on the higher side, surpassing 1,000 days consistently, which may raise concerns about the company's inventory turnover efficiency. Further investigation into the reasons behind the long DOH periods and potential strategies to optimize inventory management could be beneficial for the company's operational performance.