Days Inventory is also known as Days Sales of Inventory (DSI). MGE Energy's Average Total Inventories for the
three
months ended in Dec. 2023 was $72.5 Mil. MGE Energy's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $109.7 Mil.
Hence, MGE Energy's Days Inventory for the
three
months ended in Dec. 2023 was 60.32.
The historical rank and industry rank for MGE Energy's Days Inventory or its related term are showing as below:
MGEE'
s Days Inventory Range Over the Past 10 Years
Min: 35.56 Med: 45.94 Max: 63.63
Current: 62.48
During the past 13 years, MGE Energy's highest Days Inventory was 63.63. The lowest was 35.56. And the median was 45.94.
MGEE's Days Inventory is ranked worse than 80.65% of 465
companies
in the Utilities - Regulated industry
Industry Median: 22.62
vs MGEE: 62.48
MGE Energy's Days Inventory
increased
from Dec. 2022 (50.55) to Dec. 2023 (60.32).
It might indicate that MGE Energy's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
MGE Energy's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.51.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
MGE Energy's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.44.
MGE Energy Days Inventory Historical Data
The historical data trend for MGE Energy's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of MGE Energy's Days Inventory
For the Utilities - Regulated Electric subindustry, MGE Energy's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MGE Energy's Days Inventory Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, MGE Energy's Days Inventory distribution charts can be found below:
* The bar in red indicates where MGE Energy's Days Inventory falls into.
MGE Energy Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
MGE Energy's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MGE Energy (NAS:MGEE) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
MGE Energy's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
MGE Energy's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
MGE Energy Days Inventory Related Terms
Thank you for viewing the detailed overview of MGE Energy's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
MGE Energy Inc is a U.S. public utilities holding company based in Wisconsin. The firm generates, purchases, and distributes electricity and natural gas, and also provides transmission services, the company generates electricity from coal and purchased power, but also from natural gas, fuel oil, and renewable sources. MGE operates through five segments, which include Regulated electric utility operations, Regulated gas utility operations, Non-regulated energy operations, Transmission investments, and All other segment which includes investing in companies and property and financing the regulated operations. The majority of electric retail revenue is derived from commercial consumers whereas the majority of natural gas revenue is derived from residential consumers.
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