WEC Energy Group Inc (WEC)
Working capital 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 current assets | US$ in thousands | 2,911,700 | 2,619,200 | 2,584,100 | 2,604,600 | 2,795,700 | 2,443,600 | 2,457,600 | 2,838,500 | 3,187,700 | 2,771,000 | 2,642,500 | 2,562,600 | 2,656,700 | 2,408,900 | 2,278,100 | 2,355,500 | 2,083,000 | 1,727,200 | 1,713,400 | 1,845,300 |
| Total current liabilities | US$ in thousands | 4,841,900 | 4,009,400 | 3,491,600 | 4,709,700 | 5,114,800 | 4,073,700 | 4,096,900 | 3,765,800 | 4,611,000 | 3,369,700 | 3,817,800 | 3,264,400 | 3,753,000 | 3,692,600 | 3,373,900 | 3,714,900 | 4,148,100 | 2,840,000 | 3,484,600 | 2,847,700 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $8,599,900K ÷ ($2,911,700K – $4,841,900K)
= —
The working capital turnover ratio for WEC Energy Group Inc is not available for the period from March 31, 2020, to December 31, 2024. The working capital turnover ratio is a financial metric that measures how efficiently a company is utilizing its working capital to generate sales revenue. It indicates the number of times a company's working capital is turned over in a given period.
Without the specific values for the working capital turnover ratio, it is challenging to assess the company's working capital management efficiency over time. Typically, a higher working capital turnover ratio suggests effective management of working capital, indicating that the company is efficiently using its current assets to support operations and generate revenue.
In the absence of the actual data points, it is recommended that further analysis and comparison with industry benchmarks and historical trends be conducted to evaluate the company's working capital turnover performance and identify any areas that may require improvement in managing working capital effectively.
Peer comparison
Dec 31, 2024