WEC Energy Group (LTS:0LSL) ROCE % : 4.44% (As of Dec. 2023)

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What is WEC Energy Group ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. WEC Energy Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.44%.

WEC Energy Group ROCE % Historical Data

The historical data trend for WEC Energy Group's ROCE % 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 ROCE % Chart

WEC Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.69

5.95

5.78

6.20

5.95

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
ROCE %	Get a 7-Day Free Trial															4.94	7.91	5.31	5.71	4.44

WEC Energy Group ROCE % Calculation

WEC Energy Group's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	2263.2	/	( ( (41872.1 - 4611)	+	(43939.7 - 5114.8) )	/ 2 )
	=	2263.2	/	( (37261.1	+	38824.9)	/ 2 )
	=	2263.2	/	38043
	=	5.95 %

WEC Energy Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1734.4	/	( ( (43441.7 - 4073.7)	+	(43939.7 - 5114.8) )	/ 2 )
	=	1734.4	/	( ( 39368	+	38824.9 )	/ 2 )
	=	1734.4	/	39096.45
	=	4.44 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

WEC Energy Group (LTS:0LSL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

WEC Energy Group ROCE % Related Terms

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WEC Energy Group (LTS:0LSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » WEC Energy Group Inc (LTS:0LSL) » Definitions » ROCE %

Comparable Companies

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

WEC:USA 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.

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