WEC Energy Group Inc (WEC)
Total 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 |
| Total assets | US$ in thousands | 47,363,200 | 43,939,700 | 41,872,100 | 38,988,500 | 37,028,100 |
| Total asset turnover | 0.18 | 0.20 | 0.23 | 0.21 | 0.20 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $8,599,900K ÷ $47,363,200K
= 0.18
Total asset turnover is a ratio that measures a company's efficiency in generating revenue from its total assets. In the case of WEC Energy Group Inc, the trend in total asset turnover over the past five years shows some fluctuations.
As of December 31, 2020, the total asset turnover was 0.20, indicating that the company generated $0.20 in revenue for every $1 of total assets. Over the next three years, the ratio improved slightly to 0.21 by December 31, 2021, and further to 0.23 by December 31, 2022, suggesting increased efficiency in asset utilization.
However, by December 31, 2023, the total asset turnover dropped back to 0.20, which could indicate a potential decline in revenue generated from assets. The trend continued with a more significant decrease to 0.18 by December 31, 2024, implying that the company may be experiencing challenges in generating revenue relative to its total asset base.
Overall, fluctuations in total asset turnover for WEC Energy Group Inc over the last five years suggest varying levels of efficiency in utilizing assets to generate revenue. Further analysis and comparison with industry benchmarks would provide more insights into the company's operational performance and potential areas for improvement.
Peer comparison
Dec 31, 2024