MGE Energy Inc (MGEE)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,230,140 | 1,195,260 | 1,167,630 | 1,158,780 | 1,140,070 | 1,135,250 | 1,112,580 | 1,098,370 | 1,081,670 | 1,075,200 | 1,056,060 | 1,048,150 | 1,027,470 | 1,028,280 | 1,007,300 | 997,711 | 976,000 | 973,584 | 955,171 | 869,492 |
| ROE | 9.80% | 9.93% | 9.90% | 10.39% | 10.32% | 10.45% | 10.29% | 9.80% | 10.26% | 9.58% | 9.86% | 10.04% | 10.29% | 10.55% | 10.46% | 10.15% | 9.47% | 9.58% | 9.65% | 10.22% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $120,569K ÷ $1,230,140K
= 9.80%
The return on equity (ROE) of MGE Energy Inc has shown some fluctuations over the past few years, ranging from 9.47% to 10.55%. The ROE was relatively stable in the range of 9.47% to 10.46% between December 2020 and June 2021. There was a slight dip in ROE in September 2021 to 9.58%, followed by an increase to 10.55% in the same year.
Subsequently, there were fluctuations in ROE from December 2021 to June 2024, with values ranging from 9.80% to 10.39%. Overall, the ROE of MGE Energy Inc has demonstrated a somewhat stable performance, with occasional variations in profitability during the period analyzed. It is important for stakeholders to monitor these trends closely to assess the company's financial performance and efficiency in generating returns for its shareholders.