WEC Energy Group Inc (WEC)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,528,400 | 1,293,400 | 1,369,300 | 1,447,700 | 1,332,900 | 1,367,100 | 1,352,800 | 1,350,300 | 1,408,400 | 1,379,600 | 1,367,600 | 1,356,100 | 1,300,300 | 1,315,100 | 1,291,900 | 1,257,500 | 1,199,900 | 1,204,800 | 1,172,300 | 1,166,400 |
| Total assets | US$ in thousands | 47,363,200 | 45,196,500 | 44,582,200 | 43,927,200 | 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 |
| ROA | 3.23% | 2.86% | 3.07% | 3.30% | 3.03% | 3.15% | 3.14% | 3.16% | 3.36% | 3.38% | 3.45% | 3.48% | 3.34% | 3.42% | 3.42% | 3.34% | 3.24% | 3.40% | 3.35% | 3.35% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,528,400K ÷ $47,363,200K
= 3.23%
The return on assets (ROA) of WEC Energy Group Inc has fluctuated over the past few years, ranging from as low as 2.86% on September 30, 2024, to as high as 3.48% on March 31, 2022. Generally, the ROA has stayed within a relatively narrow band between 3.03% and 3.48%. This indicates that the company has been able to generate a consistent level of profitability relative to its total assets during the period under review. It is worth noting that the ROA decreased towards the end of the period, dropping from 3.30% on March 31, 2024, to 3.23% on December 31, 2024. This decline may warrant further investigation into the company's asset utilization and profitability drivers to assess the reasons behind the trend.
Peer comparison
Dec 31, 2024