WEC Energy Group Inc (WEC)

Return on total capital

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	1,908,000	1,947,000	1,879,200	1,862,100	1,924,200	1,870,600	1,856,400	1,817,000	1,714,900	1,758,600	1,738,800	1,708,800	1,706,100	1,698,700	1,639,400	1,615,200	1,531,400	1,458,100	1,449,900	1,466,100
Long-term debt	US$ in thousands	15,366,900	—	—	—	14,655,700	—	—	—	13,472,400	—	—	—	11,672,800	—	—	—	11,171,400	10,897,300	9,921,000	10,326,700
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
Return on total capital		7.04%	16.52%	16.05%	15.96%	7.38%	16.43%	16.40%	16.12%	7.02%	16.08%	16.01%	15.83%	7.69%	16.21%	15.74%	15.57%	7.18%	6.95%	7.26%	7.21%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,908,000K ÷ ($15,366,900K + $11,754,600K)
= 7.04%

The return on total capital for WEC Energy Group Inc has shown slight fluctuations over the past eight quarters, ranging from 6.96% to 7.56%. The trend indicates a relatively stable performance, with the highest return recorded in Q2 2022 at 7.56%. Despite some variation, the returns have generally remained within a narrow range, suggesting consistent efficiency in deploying the company's capital to generate profits. Overall, WEC Energy Group Inc has maintained a decent level of return on total capital, reflecting a reasonable utilization of its financial resources.