MGE Energy Inc (MGEE)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	676,944	670,181	662,229	664,514	690,431	715,612	718,484	722,834	714,519	686,752	669,225	647,607	606,584	581,027	570,365	556,675	538,633	543,065	546,052	551,159
Property, plant and equipment	US$ in thousands	2,287,350	2,232,550	2,201,290	2,139,910	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
Fixed asset turnover		0.30	0.30	0.30	0.31	0.32	0.35	0.35	0.36	0.36	0.35	0.35	0.34	0.32	0.31	0.31	0.31	0.30	0.31	0.32	0.33

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $676,944K ÷ $2,287,350K
= 0.30

MGE Energy Inc's fixed asset turnover ratio has ranged from 0.30 to 0.36 over the past several quarters. This ratio measures the efficiency of the company in generating revenue from its fixed assets. A higher ratio indicates that the company is utilizing its fixed assets more effectively to generate sales.

Based on the data provided, we can observe that the fixed asset turnover ratio fluctuated within a relatively narrow range between 0.30 and 0.36. The slight increase from 0.33 in March 2020 to 0.36 in December 2024 suggests a potential improvement in the company's ability to generate revenue from its fixed assets over this period.

It is important to continue monitoring this ratio to assess whether the trend of increasing fixed asset turnover is sustained, as it could indicate ongoing improvements in operational efficiency and asset utilization within MGE Energy Inc.