MGE Energy Inc (MGEE)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 0.33 | 0.53 | 0.46 | 0.55 | 0.35 | 0.40 | 0.54 | 0.52 | 0.33 | 0.30 | 0.21 | 0.43 | 0.30 | 0.35 | 0.43 | 0.37 | 0.34 | 0.33 | 0.46 | 0.49 | |
| Number of days of payables | days | 1,097.25 | 691.63 | 790.05 | 659.42 | 1,042.17 | 916.57 | 682.03 | 698.19 | 1,108.22 | 1,218.90 | 1,712.39 | 848.03 | 1,198.59 | 1,029.58 | 844.15 | 994.51 | 1,080.41 | 1,111.76 | 793.24 | 743.90 |
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 fluctuated over the years, indicating variations in the company's payment practices to its suppliers.
From March 31, 2020, to June 30, 2022, the number of days of payables ranged from 743.90 to 1,712.39 days, showing significant volatility in the time taken by the company to settle its payables. This suggests potential challenges in managing its accounts payable efficiently during this period.
However, in the subsequent quarters ending in December 31, 2022, and March 31, 2024, there seems to be a decline in the number of days of payables, ranging from 659.42 to 1,097.25 days. This could indicate a potential improvement in the company's payment practices or a change in its relationship with suppliers.
Overall, the trend in the number of days of payables for MGE Energy Inc exhibits fluctuations over time, highlighting the importance of effectively managing the company's accounts payable to maintain good relationships with its suppliers and optimize cash flow.