MGE Energy Inc (MGEE)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (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 |
| Long-term debt | US$ in thousands | 763,697 | 715,268 | 716,461 | 717,646 | 718,822 | 690,028 | 651,654 | 652,804 | 585,246 | 561,566 | 592,689 | 613,105 | 614,211 | 615,311 | 556,431 | 518,211 | 519,303 | 520,383 | 521,456 | 522,614 |
| 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 |
| Return on total capital | 7.34% | 7.47% | 7.35% | 7.84% | 7.87% | 8.23% | 8.44% | 7.76% | 8.26% | 7.76% | 7.41% | 7.23% | 7.14% | 7.23% | 7.64% | 7.76% | 7.36% | 7.57% | 7.69% | 8.03% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $146,262K ÷ ($763,697K + $1,230,140K)
= 7.34%
MGE Energy Inc's return on total capital has fluctuated over the period from March 31, 2020, to December 31, 2024. The return on total capital ranged from a low of 7.14% on December 31, 2021, to a high of 8.44% on June 30, 2023.
Overall, the return on total capital for MGE Energy Inc has shown some variability, with a general trend of staying within the range of 7.14% to 8.44% over the period analyzed. This indicates that the company has been able to generate a reasonable return on its total capital investment, with fluctuations likely influenced by various internal and external factors impacting the company's operations and financial performance.