MGE Energy Inc (MGEE)
Receivables 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 |
| Receivables | US$ in thousands | 95,533 | 85,776 | 82,873 | 95,933 | 109,911 | 81,298 | 78,612 | 96,250 | 97,111 | 79,085 | 71,951 | 78,022 | 76,195 | 69,034 | 64,655 | 70,707 | 74,321 | 64,598 | 64,938 | 77,334 |
| Receivables 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 | 1.54 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $0K ÷ $95,533K
= 0.00
The receivables turnover for MGE Energy Inc has been consistently at 0.00 for the past 16 quarters, indicating that the company is not effectively managing its accounts receivable during this period. However, in the most recent quarter ended in March 2019, the receivables turnover improved to 1.54, which suggests that the company may have made adjustments to its credit policies or collections processes to improve the efficiency of collecting payments from customers. It is important for MGE Energy Inc to continue monitoring and improving its receivables turnover to ensure optimal cash flow and financial performance.