WEC Energy Group Inc (WEC)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,152,800 | 1,908,000 | 1,924,200 | 1,714,900 | 1,706,100 |
| Total assets | US$ in thousands | 47,363,200 | 43,939,700 | 41,872,100 | 38,988,500 | 37,028,100 |
| Operating ROA | 4.55% | 4.34% | 4.60% | 4.40% | 4.61% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $2,152,800K ÷ $47,363,200K
= 4.55%
The operating return on assets (operating ROA) for WEC Energy Group Inc has shown a relatively stable trend over the past five years. It decreased slightly from 4.61% as of December 31, 2020, to 4.40% as of December 31, 2021, before increasing to 4.60% as of December 31, 2022. Subsequently, it declined to 4.34% as of December 31, 2023, and then rebounded to 4.55% as of December 31, 2024.
Overall, the operating ROA for WEC Energy Group Inc indicates that the company has been able to generate a positive return on its assets over the period analyzed, although there have been minor fluctuations in performance. It is essential for stakeholders to continue monitoring the trend in operating ROA to assess the company's efficiency in utilizing its assets to generate operating profits.
Peer comparison
Dec 31, 2024