WEC Energy Group Inc (WEC)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	11,754,600	11,783,400	11,711,800	11,667,000	11,407,300	11,385,900	11,321,000	11,273,600	10,943,600	10,938,900	10,861,300	10,797,500	10,500,100	10,481,100	10,414,100	10,374,500	10,143,800	10,081,400	10,046,600	10,014,900
ROE		11.34%	11.60%	11.55%	11.58%	12.35%	12.13%	12.09%	12.04%	11.89%	13.23%	13.11%	12.87%	12.69%	12.64%	12.41%	12.40%	12.36%	11.71%	11.74%	11.73%

December 31, 2023 calculation

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

WEC Energy Group Inc's return on equity (ROE) has shown a consistent trend over the past eight quarters. The ROE ranged from 11.33% to 12.34% during this period. Despite some fluctuations, the ROE generally remained relatively stable, indicating the company's ability to generate decent returns for its shareholders. The quarterly ROE figures hovered around the 12% mark for most quarters, showing that WEC Energy Group Inc effectively utilized its equity to generate profits. This steady performance suggests that the company has been efficiently managing its resources and capital to drive profitability, although there may be opportunities to further optimize its return on equity in the future.