WEC Energy Group Inc (WEC)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,599,900 | 8,893,000 | 9,597,400 | 8,316,000 | 7,241,700 |
| Property, plant and equipment | US$ in thousands | — | — | 29,113,800 | 26,982,400 | 25,707,400 |
| Fixed asset turnover | — | — | 0.33 | 0.31 | 0.28 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $8,599,900K ÷ $—K
= —
The fixed asset turnover ratio for WEC Energy Group Inc demonstrates the efficiency of the company in generating revenue from its fixed assets. The trend from 2020 to 2022 shows an improvement, with the ratio increasing from 0.28 to 0.33. This indicates that the company is utilizing its fixed assets more effectively to generate sales.
However, the data for 2023 and 2024 is not available, thus limiting a complete analysis of the trend. It is advisable to monitor this ratio closely in the upcoming periods to assess whether the company continues to improve its efficiency in utilizing fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2024