Returns On Capital At MGE Energy (NASDAQ:MGEE) Have Hit The Brakes [Yahoo! Finance]
MGE Energy Inc. (MGEE)
US:NASDAQ Investor Relations:
mgeenergy.com
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Source: Yahoo! Finance
employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Although, when we looked at MGE Energy NASDAQ:MGEE ), it didn't seem to tick all of these boxes. Return On Capital Employed (ROCE): What Is It? Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for MGE Energy, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.06 = US$152m ÷ (US$2.7b - US$157m) (Based on the trailing twelve months to December 2023) So, MGE Energy has an ROCE of 6.0%. On its own that's a low return, but compared to the average of 4.6% generated by the Electric Utilities industry, it's much better. View our latest analysi
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News
- MGE Energy, Inc. (NASDAQ:MGEE) is favoured by institutional owners who hold 62% of the company [Yahoo! Finance]Yahoo! Finance
- MGE (MGEE) Upgraded to Buy: Here's What You Should Know [Yahoo! Finance]Yahoo! Finance
- MGE Seeks to Expand Popular Community Solar Program for Residential and Small Business Electric Customers [Yahoo! Finance]Yahoo! Finance
- MGE Seeks to Expand Popular Community Solar Program for Residential and Small Business Electric CustomersBusiness Wire
- MGE Energy, Inc. (NASDAQ: MGEE) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
MGEE
Earnings
- 11/2/23 - Miss
MGEE
Analyst Actions
- 1/31/24 - TheStreet
MGEE
Sec Filings
- 4/24/24 - Form DEFA14A
- 4/5/24 - Form SC
- 4/5/24 - Form ARS
- MGEE's page on the SEC website