WEC Energy Group Inc (WEC)

Operating return on assets (Operating ROA)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	1,908,000	1,947,000	1,879,200	1,862,100	1,924,200	1,870,600	1,856,400	1,817,000	1,714,900	1,758,600	1,738,800	1,708,800	1,706,100	1,698,700	1,639,400	1,615,200	1,531,400	1,458,100	1,449,900	1,466,100
Total assets	US$ in thousands	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	34,951,800	34,377,200	33,934,300	33,737,100
Operating ROA		4.34%	4.48%	4.37%	4.35%	4.60%	4.59%	4.69%	4.66%	4.40%	4.58%	4.60%	4.54%	4.61%	4.80%	4.68%	4.64%	4.38%	4.24%	4.27%	4.35%

December 31, 2023 calculation

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

WEC Energy Group Inc's operating return on assets (operating ROA) has been relatively stable over the past eight quarters, ranging from 4.37% to 4.75%. This indicates that the company has been effective in generating operating income relative to its total assets during these quarters. The slight fluctuations in operating ROA show the company's ability to efficiently utilize its assets to generate operating profits. Overall, the average operating ROA of 4.55% reflects a consistent performance in terms of operational efficiency and asset utilization by WEC Energy Group Inc.