MGEE (MGE Energy) Days Payable : 50.03 (As of Sep. 2024)

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What is MGE Energy Days Payable?

MGE Energy's average Accounts Payable for the three months ended in Sep. 2024 was $47.8 Mil. MGE Energy's Cost of Goods Sold for the three months ended in Sep. 2024 was $87.1 Mil. Hence, MGE Energy's Days Payable for the three months ended in Sep. 2024 was 50.03.

The historical rank and industry rank for MGE Energy's Days Payable or its related term are showing as below:

MGEE' s Days Payable Range Over the Past 10 Years
Min: 36.96 Med: 47.74 Max: 59.87
Current: 46.99

During the past 13 years, MGE Energy's highest Days Payable was 59.87. The lowest was 36.96. And the median was 47.74.

MGEE's Days Payable is ranked worse than
65.36% of 485 companies
in the Utilities - Regulated industry
Industry Median: 68.21 vs MGEE: 46.99

MGE Energy's Days Payable increased from Sep. 2023 (48.96) to Sep. 2024 (50.03). It may suggest that MGE Energy delayed paying its suppliers.

MGE Energy Days Payable Historical Data

The historical data trend for MGE Energy's Days Payable 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 Days Payable Chart

MGE Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.45

59.87

55.16

47.89

54.04

MGE Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															48.96	49.50	41.39	50.19	50.03

Competitive Comparison of MGE Energy's Days Payable

For the Utilities - Regulated Electric subindustry, MGE Energy's Days Payable, along with its competitors' market caps and Days Payable 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 Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, MGE Energy's Days Payable distribution charts can be found below:

* The bar in red indicates where MGE Energy's Days Payable falls into.

MGE Energy Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

MGE Energy's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (59.334	+	65.451)	/	2 )	/	421.389	*	365
=	62.3925					/	421.389	*	365
=	54.04

MGE Energy's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (49.834	+	45.71)	/	2 )	/	87.136	*	365 / 4
=	47.772					/	87.136	*	365 / 4
=	50.03

MGE Energy Days Payable Related Terms

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MGE Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » MGE Energy Inc (NAS:MGEE) » Definitions » Days Payable

Comparable Companies

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Traded in Other Exchanges

MG1:Germany

Address

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

Website

https://www.mgeenergy.com

MGE Energy provides electric service to 161,000 customers and natural gas service to 173,000 customers in Madison, Wisconsin, and surrounding areas. Nearly 90% of customers are residential. The company also owns a 3.6% stake in American Transmission Co. MGE owns interests in two coal power plants that earn guaranteed fixed rates of return, contributing about 20% of earnings. MGE's generation mix is 40% coal, 21% renewable energy, 17% natural gas, and third-party purchased power.

Executives

James G Berbee	director	133 S BLAIR STREET, PO BOX 1231, MADISON WI 53701-1231
Scott Robert Smith	officer: VP Bus. Regulatory Strategy	623 RAILROAD 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