MGE Energy Inc (MGEE)

Total 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
Total assets	US$ in thousands	2,827,960	2,749,320	2,724,640	2,674,080	2,675,460	2,590,530	2,560,070	2,522,200	2,517,600	2,465,690	2,437,230	2,377,540	2,371,910	2,370,730	2,302,080	2,270,240	2,253,650	2,195,730	2,163,720	2,072,700
Total asset turnover		0.24	0.24	0.24	0.25	0.26	0.28	0.28	0.29	0.28	0.28	0.27	0.27	0.26	0.25	0.25	0.25	0.24	0.25	0.25	0.27

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $676,944K ÷ $2,827,960K
= 0.24

MGE Energy Inc's total asset turnover ratio has shown fluctuations over the past few years, ranging from 0.24 to 0.29. The trend indicates that, on average, the company generates approximately $0.25 to $0.28 in sales revenue for every dollar of assets it owns. A higher total asset turnover ratio typically implies efficient asset utilization, indicating that the company is effectively generating revenue from its assets. However, the slight fluctuations in MGE Energy Inc's total asset turnover ratio may suggest variations in its operational efficiency or changes in its business strategy over time. Monitoring this ratio can help assess the company's ability to efficiently generate sales using its asset base.