WEC Energy Group Inc (WEC)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,332,900	1,409,300	1,301,500	1,201,100	1,135,200
Total stockholders’ equity	US$ in thousands	11,754,600	11,407,300	10,943,600	10,500,100	10,143,800
ROE		11.34%	12.35%	11.89%	11.44%	11.19%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $1,332,900K ÷ $11,754,600K
= 11.34%

To analyze WEC Energy Group Inc's Return on Equity (ROE) over the past five years, we observe a steady trend with fluctuations within a relatively narrow range. ROE indicates the profitability of a company by measuring how efficiently it generates profit from shareholders' equity.

In 2019, WEC Energy Group Inc's ROE was 11.18%, showing a decent performance. Subsequently, there was a slight improvement in 2020 to 11.43%, followed by another increase to 11.88% in 2021. The ROE peaked in 2022 at 12.34%, indicating a temporary boost in profitability, before declining slightly to 11.33% in 2023.

Overall, WEC Energy Group Inc has maintained a consistent ROE above 11% over the years, reflecting sound management of shareholder equity and profitability. However, a persistent downward trend in recent years might warrant further investigation into the company's operational efficiency and potential strategies for sustaining or enhancing ROE in the future.