MGE Energy Inc (MGEE)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 119,479 |
| Property, plant and equipment | US$ in thousands | 2,128,210 | 2,070,540 | 2,036,120 | 1,997,110 | 1,971,100 | 1,954,500 | 1,934,320 | 1,883,280 | 1,878,770 | 1,847,370 | 1,827,320 | 1,791,880 | 1,769,380 | 1,734,160 | 1,686,160 | 1,653,100 | 1,642,680 | 1,612,980 | 1,566,750 | 1,538,780 |
| Fixed asset turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $0K ÷ $2,128,210K
= 0.00
The fixed asset turnover ratio for MGE Energy Inc has been consistently low or zero for the periods reported in 2019 through 2023, with a slight uptick to 0.08 in the most recent period of December 2019. This indicates that the company is generating minimal revenue in relation to its investment in fixed assets. A low fixed asset turnover may suggest inefficiency in the utilization of fixed assets to generate sales, which could be due to factors such as underutilization of assets, aging of assets, or an inadequate sales volume relative to the value of fixed assets. Further investigation into the company's operational efficiency and asset management practices would be necessary to address these concerns and improve the performance of fixed asset turnover ratio.