MGE Energy Inc (MGEE)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | — | — | — | — | — |
| Total current assets | US$ in thousands | 238,197 | 243,480 | 199,371 | 209,519 | 181,641 |
| Total current liabilities | US$ in thousands | 157,156 | 225,062 | 117,847 | 190,926 | 128,820 |
| Working capital turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $—K ÷ ($238,197K – $157,156K)
= 0.00
The working capital turnover ratio for MGE Energy Inc has consistently been calculated as 0.00 for the past five years (from 2019 to 2023).
A working capital turnover ratio of 0.00 indicates that the company is not effectively utilizing its working capital to generate sales. This could suggest that the company is inefficient in managing its current assets and liabilities to support its operations and sales.
A low or stagnant working capital turnover ratio could raise concerns about the company's liquidity and overall efficiency in managing its working capital. Further investigation into the company's current asset management and operational efficiency may be warranted to address potential underlying issues impacting the working capital turnover ratio.