WEC Energy Group Inc (WEC)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,524,300 | 1,332,900 | 1,409,300 | 1,301,500 | 1,201,100 |
| Total assets | US$ in thousands | 47,363,200 | 43,939,700 | 41,872,100 | 38,988,500 | 37,028,100 |
| ROA | 3.22% | 3.03% | 3.37% | 3.34% | 3.24% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,524,300K ÷ $47,363,200K
= 3.22%
WEC Energy Group Inc's return on assets (ROA) has shown a gradual increase over the past five years, starting at 3.24% in December 2020 and peaking at 3.37% in December 2022. However, there was a slight dip in ROA to 3.03% in December 2023, before recovering to 3.22% by December 2024. Overall, the company has maintained an average ROA of around 3.24% to 3.34% during this period, indicating a consistent ability to generate profit relative to its total assets. The slight fluctuations in ROA suggest that WEC Energy Group Inc's asset utilization and profitability may have experienced some variability, which would be worth investigating further to assess the company's performance and sustainability in the future.
Peer comparison
Dec 31, 2024