MGE Energy Inc (MGEE)
Working capital 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 |
| Total current assets | US$ in thousands | 238,197 | 216,411 | 222,531 | 223,249 | 243,480 | 199,847 | 194,640 | 194,433 | 199,371 | 234,085 | 191,393 | 201,511 | 209,519 | 199,933 | 217,750 | 162,193 | 181,641 | 204,396 | 211,600 | 221,278 |
| Total current liabilities | US$ in thousands | 157,156 | 122,838 | 159,399 | 146,006 | 225,062 | 194,793 | 160,707 | 98,104 | 117,847 | 123,543 | 145,689 | 183,798 | 190,926 | 115,480 | 109,623 | 111,006 | 128,820 | 152,051 | 128,225 | 112,477 |
| Working capital 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 | 1.10 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $0K ÷ ($238,197K – $157,156K)
= 0.00
The working capital turnover ratio for MGE Energy Inc has been consistently low, hovering around 0.00 for the past several quarters. This indicates that the company is not efficiently utilizing its working capital to generate sales revenue. However, there was a significant improvement in the most recent quarter, where the working capital turnover ratio increased to 1.10, suggesting a more effective utilization of working capital to generate revenue. MGE Energy Inc may have implemented better working capital management practices or improved its operational efficiency during this period. Continued monitoring of this ratio will be important to assess the company's ongoing financial performance and efficiency in utilizing its working capital.