MGE Energy (MGE Energy) Total Inventories : $72.6 Mil (As of Dec. 2023)

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What is MGE Energy Total Inventories?

MGE Energy's total inventories for the quarter that ended in Dec. 2023 was $72.6 Mil. MGE Energy's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $72.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. MGE Energy's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-40.18.

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 three months ended in Dec. 2023 was 60.32.

Inventory Turnover measures how fast the company turns over its inventory within a year. MGE Energy's Inventory Turnover for the quarter that 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 quarter that ended in Dec. 2023 was 0.44.

MGE Energy Total Inventories Historical Data

The historical data trend for MGE Energy's Total Inventories 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.

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MGE Energy Total Inventories Chart

MGE Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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45.28

47.27

51.96

74.28

72.65

MGE Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															74.28	69.43	71.88	72.42	72.65

MGE Energy Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

MGE Energy (NAS:MGEE) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

MGE Energy's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(11.14	+	0.75 * 46.734	+	0.5 * 72.648	-	1535.385
-	0	-	0)	/	36.1634
=	-40.18

2. 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 three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	72.532	/	109.719	*	365 / 4
	=	60.32

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

MGE Energy's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	109.719	/	72.532
	=	1.51

4. 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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	72.532	/	164.652
	=	0.44

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

MGE Energy Total Inventories Related Terms

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MGE Energy (MGE Energy) Business Description

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Traded in Other Exchanges

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Address

133 South Blair Street, Madison, WI, USA, 53788

Website

https://www.mgeenergy.com

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.

Executives

Scott Robert Smith	officer: VP Bus. Regulatory Strategy	623 RAILROAD STREET, PO BOX 1231, MADISON WI 53701-1231
James G Berbee	director	133 S BLAIR STREET, PO BOX 1231, MADISON WI 53701-1231
James Jerome Lorenz	officer: VP Business Operations	623 RAILROAD STREET, PO BOX 1231, MADISON WI 53701-1231
Noble Lynnwood Wray	director	623 RAILROAD STREET, PO BOX 1231, MADISON WI 53701-1231
Lynn K Hobbie	officer: Exec VP Marketing & Corp Comm	133 SOUTH BLAIR ST, P.O. BOX 1231, MADISON WI 53701-1231
Gary J Wolter	director	133 SOUTH BLAIR ST., P.O. BOX 1231, MADISON WI 53701-1231
Cari Anne Renlund	officer: VP and General Counsel	133 S BLAIR STREET, PO BOX 1231, MADISON WI 53701-1231
James L Possin	director	133 SOUTH BLAIR STREET, P.O. BOX 1231, MADISON WI 53701-1231
Tamara Jean Johnson	officer: VP Accounting and Controller	623 RAILROAD STREET, PO BOX 1231, MADISON WI 53701-1231
Jared Joseph Bushek	officer: VP Finance, CIO & Treasurer	623 RAILROAD STREET, PO BOX 1231, MADISON WI 53701-1231
Marcia M Anderson	director	133 S BLAIR STREET, PO BOX 1231, MADISON WI 53701-1231
Jeffrey M Keebler	officer: Sr. VP-Energy Supply & Plan	133 S BLAIR ST, PO BOX 1231, MADISON WI 53701-1231
Regina M Millner	director	133 SOUTH BLAIR ST, P.O. BOX 1231, MADISON WI 53701-1231
Donald D Peterson	officer: VP - Energy Technology	133 S. BLAIR ST, PO BOX 1231, MADISON WI 53701-1231
Thomas R Stolper	director	133 SOUTH BLAIR STREET, POST OFFICE BOX 1231, MADISON WI 53701-1231