WEC Energy Group Inc (WEC)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	1,908,000	1,924,200	1,714,900	1,706,100	1,531,400
Total assets	US$ in thousands	43,939,700	41,872,100	38,988,500	37,028,100	34,951,800
Operating ROA		4.34%	4.60%	4.40%	4.61%	4.38%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $1,908,000K ÷ $43,939,700K
= 4.34%

WEC Energy Group Inc's operating return on assets (operating ROA) has shown a generally positive trend over the past five years, with slight fluctuations. The operating ROA increased from 4.38% in 2019 to 4.61% in 2020, before experiencing some variability in subsequent years.

In 2021, the operating ROA was 4.40%, slightly lower than 2020, but then improved to 4.60% in 2022. The latest data available for 2023 indicates an operating ROA of 4.75%, reflecting a further increase.

This trend suggests that WEC Energy Group Inc has been effectively generating operational profits relative to its total assets over the years. However, the fluctuations in the operating ROA indicate some variability in the company's efficiency in utilizing its assets to generate earnings. Further analysis and comparison with industry benchmarks may provide additional insights into the company's operational performance.