MGE Energy Inc (MGEE)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	146,262	142,789	138,441	147,096	146,385	150,151	148,846	135,914	137,743	127,057	122,168	120,103	117,294	118,757	119,484	117,611	109,997	113,162	113,575	111,838
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
Operating ROA		5.17%	5.19%	5.08%	5.50%	5.47%	5.80%	5.81%	5.39%	5.47%	5.15%	5.01%	5.05%	4.95%	5.01%	5.19%	5.18%	4.88%	5.15%	5.25%	5.40%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $146,262K ÷ $2,827,960K
= 5.17%

MGE Energy Inc's operating return on assets (operating ROA) has shown some fluctuations over the analyzed period from March 31, 2020, to December 31, 2024. The operating ROA started at 5.40% in March 2020 and decreased slightly to 4.88% by December 2020. Subsequently, there was a gradual increase in the operating ROA, reaching 5.81% by June 30, 2023, which was the highest point during the period.

After peaking in mid-2023, the operating ROA started to fluctuate slightly, showing some ups and downs. The operating ROA was 5.17% by December 31, 2024. Overall, MGE Energy Inc's operating ROA remained relatively stable around the 5% range, indicating the company's ability to generate operating income from its assets. However, investors may need to monitor these fluctuations to understand the company's operational efficiency and profitability.