MGE Energy Inc (MGEE)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | — | — | — | — | — |
| Property, plant and equipment | US$ in thousands | 2,128,210 | 1,971,100 | 1,878,770 | 1,769,380 | 1,642,680 |
| Fixed asset turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $—K ÷ $2,128,210K
= 0.00
The fixed asset turnover ratio for MGE Energy Inc has been consistently reported as 0.00 for the years 2019, 2020, 2021, 2022, and 2023. A fixed asset turnover ratio of 0.00 indicates that the company is not generating any revenue from its fixed assets. This may suggest that the company's fixed assets are not being utilized efficiently to generate sales. Further investigation into the company's operations and asset management practices would be necessary to understand the reasons behind this low ratio and to identify potential areas for improvement.