MGE Energy Inc (MGEE)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 0.33 | 0.35 | 0.33 | 0.30 | 0.34 | |
| Number of days of payables | days | 1,097.25 | 1,046.73 | 1,108.22 | 1,198.59 | 1,080.41 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.33
= 1,097.25
The number of days of payables for MGE Energy Inc has shown fluctuations over the five-year period under review. The metric increased from 1,080.41 days as of December 31, 2020, to 1,198.59 days as of December 31, 2021, indicating a prolonged period taken by the company to pay its outstanding obligations. However, there was a slight decrease in the number of days of payables to 1,108.22 days as of December 31, 2022. By December 31, 2023, the metric further decreased to 1,046.73 days, signifying an improvement in the company's payment efficiency. Subsequently, by December 31, 2024, the number of days of payables increased slightly to 1,097.25 days, suggesting a slight delay in settling its payables compared to the previous year. Overall, the trend in the number of days of payables for MGE Energy Inc reflects variability in the company's management of its accounts payable obligations over the specified period.