MGE Energy Inc (MGEE)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 117,699 | 110,952 | 105,761 | 92,418 | 86,874 |
| Total stockholders’ equity | US$ in thousands | 1,140,070 | 1,081,670 | 1,027,470 | 976,000 | 855,676 |
| ROE | 10.32% | 10.26% | 10.29% | 9.47% | 10.15% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $117,699K ÷ $1,140,070K
= 10.32%
MGE Energy Inc's return on equity (ROE) has exhibited stability and consistency over the past five years. The ROE ranged from 9.47% to 10.32% during this period, indicating that the company has been able to generate a fairly steady return for its equity shareholders. The slight fluctuations in the ROE suggest that the company's profitability and efficiency in utilizing its equity have remained relatively steady over time. Overall, MGE Energy Inc's ROE performance appears to demonstrate a reasonable level of financial health and effectiveness in generating returns for its equity investors.