WEC Energy Group Inc (WEC)

Total 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
Total assets US$ in thousands 47,363,200 45,196,500 44,582,200 43,927,200 43,939,700 43,441,700 43,019,300 42,795,900 41,872,100 40,761,000 39,607,100 38,974,500 38,988,500 38,400,900 37,794,900 37,600,600 37,028,100 35,422,000 35,042,000 34,832,200
Total asset turnover 0.18 0.19 0.19 0.20 0.20 0.21 0.22 0.22 0.23 0.23 0.23 0.22 0.21 0.21 0.21 0.21 0.20 0.20 0.21 0.21

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,599,900K ÷ $47,363,200K
= 0.18

The total asset turnover of WEC Energy Group Inc has shown a relatively stable trend, averaging around 0.21 to 0.23 over the past few years. This ratio indicates that the company generates approximately 21 to 23 cents in revenue for every dollar of assets it holds. Overall, the total asset turnover ratio suggests that WEC Energy Group Inc efficiently utilizes its assets to generate revenue. The slight decrease observed towards the end of the period may warrant further monitoring to ensure optimal asset utilization in the upcoming periods.