WEC Energy Group (WEC Energy Group) Total Inventories

: $775 Mil (As of Dec. 2023)

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WEC Energy Group's total inventories for the quarter that ended in Dec. 2023 was $775 Mil. WEC Energy Group's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $763 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. WEC Energy Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-97.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. WEC Energy Group's Days Inventory for the three months ended in Dec. 2023 was 52.91.

Inventory Turnover measures how fast the company turns over its inventory within a year. WEC Energy Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.72.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. WEC Energy Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.34.

WEC Energy Group Total Inventories Historical Data

The historical data trend for WEC Energy Group's Total Inventories can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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WEC Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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549.80

528.60

635.80

807.10

775.20

WEC Energy Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															807.10	523.50	603.70	749.90	775.20

WEC Energy Group Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

WEC Energy Group (NYSE:WEC) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

WEC Energy Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(42.9	+	0.75 * 1503.2	+	0.5 * 775.2	-	31868.2
-	30.4	-	316.9)	/	315.435
=	-97.19

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

WEC Energy Group's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	762.55	/	1315	*	365 / 4
	=	52.91

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

WEC Energy Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1315	/	762.55
	=	1.72

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

WEC Energy Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	762.55	/	2217.5
	=	0.34

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

WEC Energy Group Total Inventories Related Terms

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WEC Energy Group (WEC Energy Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » WEC Energy Group Inc (NYSE:WEC) » Definitions » Total Inventories

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EIX DTE ETR FE XEL ES ED PPL AEE PEG NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC BOM:532898

Traded in Other Exchanges

WIC:Germany WIC:Germany W1EC34:Brazil

Address

231 West Michigan Street, P.O. Box 1331, Milwaukee, WI, USA, 53201

Website

https://www.wecenergygroup.com

WEC Energy Group's electric and gas utility businesses serve electric and gas customers in Illinois, Michigan, Minnesota, and Wisconsin service territories. The company also owns a 60% stake in American Transmission Co. WEC's asset mix is approximately 49% electric generation and distribution, 36% gas distribution, 10% electric transmission, and 5% unregulated renewable energy.

Executives

Ulice Jr Payne	director	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Ave M Bie	director	231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Scott J Lauber	officer: Vice President and Treasurer	231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Joshua M Erickson	officer: VP and Deputy General Counsel	231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Glen E Tellock	director	1725 SHEPHERD ROAD, CHATTANOOGA TN 37421
William Mastoris	officer: EVP-Cust. Svc. and Operations	231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Robert M Garvin	officer: Senior Vice President	231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Molly A Mulroy	officer: EVP & Chief Admin Officer	231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Anthony Reese	officer: Vice President and Treasurer	231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Tom Metcalfe	officer: Exec. VP - Generation	231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Thomas K Lane	director	51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Cristina A Garcia-thomas	director	231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Charles R Matthews	officer: President & CEO - PGL/NSG	231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Xia Liu	officer: EVP and CFO	ONE ENERGY PLACE, PENSACOLA FL 32520
Gale E Klappa	director, officer: President	231 W. MICHIGAN STREET, MILWAUKEE WI 53203