MGE Energy Inc (MGEE)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 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 | 0.38 | 0.06 | 0.05 | 0.03 | |
| Number of days of payables | days | 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 | 957.47 | 6,144.40 | 7,868.06 | 12,274.95 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.35
= 1,042.17
The number of days of payables for MGE Energy Inc has shown fluctuations over the past few years. The metric indicates the average number of days it takes for the company to pay its suppliers or vendors. A higher number of days of payables may suggest that the company is taking longer to settle its payables, potentially indicating a favorable position of cash flow management or negotiation leverage with suppliers.
From the data provided, it is evident that there have been significant variations in the number of days of payables. The metric ranged from as low as 682.03 days to as high as 12,274.95 days over the past few years. Observing the trend, it appears that MGE Energy Inc has been able to manage its payables more efficiently in recent quarters compared to previous periods. However, the extremely high numbers of days of payables in some quarters, such as 6,144.40 days and 7,868.06 days, warrant further investigation to understand the reasons behind such outliers.
Overall, the analysis of the number of days of payables for MGE Energy Inc suggests that the company has experienced fluctuations in its payment practices, which can impact its working capital management and overall financial health. Further scrutiny and comparison with industry benchmarks may provide more insights into the company's payables management efficiency.