WEC Energy Group Inc (WEC)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	8,599,900	8,533,200	8,627,100	8,685,100	8,893,000	9,233,900	9,279,500	9,577,400	9,597,400	9,240,900	8,984,400	8,532,700	8,316,000	8,047,500	7,952,000	7,824,500	7,241,700	7,255,800	7,212,800	7,254,300
Property, plant and equipment	US$ in thousands	—	—	—	—	—	31,467,500	31,010,400	30,379,400	29,113,800	28,575,300	27,626,200	27,110,200	26,982,400	26,622,700	26,266,400	25,994,400	25,707,400	24,551,700	24,171,800	23,797,100
Fixed asset turnover		—	—	—	—	—	0.29	0.30	0.32	0.33	0.32	0.33	0.31	0.31	0.30	0.30	0.30	0.28	0.30	0.30	0.30

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $8,599,900K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures how efficiently a company is generating revenue from its fixed assets. WEC Energy Group Inc's fixed asset turnover has remained relatively stable around 0.30 to 0.33 over the past few years, indicating that the company is generating approximately 0.30 to 0.33 times in revenue for every dollar invested in fixed assets. This suggests that the company is effectively utilizing its fixed assets to generate sales.

The slight increase in fixed asset turnover from 2022 to 2023 indicates a potential improvement in the company's asset utilization efficiency. However, the ratio then decreased slightly in the most recent period ending December 31, 2023, followed by missing data for the upcoming periods. It will be important to monitor future trends in fixed asset turnover to assess if the company is effectively managing and maximizing the productivity of its fixed assets.