MGE Energy Inc (MGEE)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 120,569 | 118,630 | 115,548 | 120,435 | 117,699 | 118,667 | 114,530 | 107,610 | 110,952 | 102,961 | 104,158 | 105,248 | 105,761 | 108,497 | 105,374 | 101,314 | 92,418 | 93,284 | 92,147 | 88,904 |
| 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 |
| ROA | 4.26% | 4.31% | 4.24% | 4.50% | 4.40% | 4.58% | 4.47% | 4.27% | 4.41% | 4.18% | 4.27% | 4.43% | 4.46% | 4.58% | 4.58% | 4.46% | 4.10% | 4.25% | 4.26% | 4.29% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $120,569K ÷ $2,827,960K
= 4.26%
MGE Energy Inc's Return on Assets (ROA) has shown some fluctuations over the past few years. The ROA was at 4.29% as of March 31, 2020, and decreased slightly to 4.10% by December 31, 2020. However, the ROA exhibited an upward trend in the following periods, reaching a peak of 4.58% as of June 30, 2021 and maintaining this level through September 30, 2021.
Subsequently, the ROA experienced some fluctuations, ranging from 4.18% as of September 30, 2022, to 4.58% as of June 30, 2023. By the end of December 31, 2024, the ROA stood at 4.26%. Overall, MGE Energy Inc's ROA has shown a general pattern of stability with some fluctuations within the range of 4.10% to 4.58% over the analyzed periods. This indicates that the company has been effectively utilizing its assets to generate profits, albeit with some variations in performance. Further analysis and comparison with industry benchmarks may provide additional insights into the company's asset management efficiency.