WEC Energy Group Inc (WEC)

Return on assets (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
Net income (ttm)	US$ in thousands	1,332,900	1,367,100	1,353,100	1,350,900	1,409,300	1,380,800	1,368,800	1,357,300	1,301,500	1,447,500	1,424,300	1,389,900	1,332,300	1,324,900	1,292,400	1,286,500	1,254,100	1,180,800	1,179,700	1,175,000
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
ROA		3.03%	3.15%	3.15%	3.16%	3.37%	3.39%	3.46%	3.48%	3.34%	3.77%	3.77%	3.70%	3.60%	3.74%	3.69%	3.69%	3.59%	3.43%	3.48%	3.48%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,332,900K ÷ $43,939,700K
= 3.03%

The return on assets (ROA) for WEC Energy Group Inc over the past eight quarters has shown a relatively consistent trend, ranging from 3.03% to 3.48%. The company's ROA peaked at 3.48% in Q1 2022 and gradually decreased to 3.03% in Q4 2023. This indicates that the company's ability to generate profits from its assets has slightly declined over this period.

Despite the fluctuations, the ROA figures are within a narrow range which suggests that WEC Energy Group Inc has been able to effectively utilize its assets to generate earnings. Investors and stakeholders may view this relatively stable performance as a sign of consistent efficiency in asset management. However, it is important for the company to monitor and potentially improve its ROA to ensure sustained profitability and operational effectiveness.