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WEC Energy Group ROC (Joel Greenblatt) %

: 6.66% (As of Jun. 2021)
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Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. WEC Energy Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was 6.66%.

The historical rank and industry rank for WEC Energy Group's ROC (Joel Greenblatt) % or its related term are showing as below:

NYSE:WEC' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.52   Med: 9.42   Max: 10.43
Current: 7.67

7.52
10.43

During the past 13 years, WEC Energy Group's highest ROC (Joel Greenblatt) % was 10.43%. The lowest was 7.52%. And the median was 9.42%.

NYSE:WEC's ROC (Joel Greenblatt) % is ranked higher than
59% of the 128 Companies
in the Utilities - Regulated industry.

( Industry Median: 9.64 vs. NYSE:WEC: 7.67 )

WEC Energy Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -4.50% per year.


WEC Energy Group ROC (Joel Greenblatt) % Historical Data

The historical data trend for WEC Energy Group's ROC (Joel Greenblatt) % 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.

* Premium members only.

WEC Energy Group Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
ROC (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.42 9.42 7.52 7.55 7.66

WEC Energy Group Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
ROC (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.89 7.08 6.19 10.61 6.66

Competitive Comparison

For the Utilities - Regulated Electric subindustry, WEC Energy Group's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

WEC Energy Group ROC (Joel Greenblatt) % Distribution

For the Utilities - Regulated industry and Utilities sector, WEC Energy Group's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where WEC Energy Group's ROC (Joel Greenblatt) % falls into.



WEC Energy Group ROC (Joel Greenblatt) % Calculation

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

EBIT stands for Earnings Before Interest and Taxes.

Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.

GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.

Working Capital(Q: Mar. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1676.6 + 353.5 + 299.3) - (779 + 0 + 568.5)
=981.9

Working Capital(Q: Jun. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1396.3 + 452.7 + 394.1) - (744.6 + 0 + 711.2)
=787.3

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of WEC Energy Group for the quarter that ended in Jun. 2021 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2021  Q: Jun. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1799.2/( ( (25994.4 + max(981.9, 0)) + (26266.4 + max(787.3, 0)) )/ 2 )
=1799.2/( ( 26976.3 + 27053.7 )/ 2 )
=1799.2/27015
=6.66 %

Note: The EBIT data used here is four times the quarterly (Jun. 2021) EBIT data.

* 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.


WEC Energy Group  (NYSE:WEC) ROC (Joel Greenblatt) % Explanation

The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


WEC Energy Group ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of WEC Energy Group's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


WEC Energy Group Business Description

WEC Energy Group logo
Industry
Utilities » Utilities - Regulated NAICS : 221118 SIC : 4931
Traded in Other Exchanges
Address
231 West Michigan Street, P.O. Box 1331, Milwaukee, WI, USA, 53201
WEC Energy Group's electric and gas utility businesses serve electric and gas customers in its Illinois, Michigan, Minnesota, and Wisconsin service territories. The company also owns a 60% stake in American Transmission Co. WEC's asset mix is approximately 51% electric generation and distribution, 34% gas distribution, 13% electric transmission, and 2% unregulated renewable generation.
Executives
Reese Anthony officer: Vice President and Treasurer 231 WEST MICHIGAN STREET MILWAUKEE WI 53203
Matthews Charles R officer: President & CEO - PGL/NSG 231 W. MICHIGAN STREET MILWAUKEE WI 53203
Kuester Frederick D officer: Sr. Executive Vice Pres. 231 W. MICHIGAN STREET MILWAUKEE WI 53203
Lauber Scott J officer: Sr. EVP and COO 231 W. MICHIGAN STREET MILWAUKEE WI 53203
Liu Xia officer: EVP and CFO ONE ENERGY PLACE PENSACOLA FL 32520
Guc William J officer: Vice President & Controller 130 EAST RANDOLPH DRIVE CHICAGO IL 60601
Green Maria C director C/O INGERSOLL-RAND COMPANY 800-E BEATY STREET DAVIDSON NC 28036
Kelsey Margaret C officer: Executive VP & General Counsel PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: KELSEY MARGARET C a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Krueger Daniel officer: EVP WEC Infrastructure 231 W. MICHIGAN STREET MILWAUKEE WI 53203
Metcalfe Tom officer: Pres. WI Utilities 231 W. MICHIGAN STREET MILWAUKEE WI 53203
Garvin Robert M officer: Exec Vice President - Ext Affs 231 W. MICHIGAN STREET MILWAUKEE WI 53203
Klappa Gale E director, officer: Executive Chairman 231 W. MICHIGAN STREET MILWAUKEE WI 53203
Cunningham Danny L director C/O ACTUANT CORPORATION N86 W12500 WESTBROOK CROSSING MENOMONEE FALLS WI 53051
Stanek Mary Ellen director 14730 WEST JUNEAU BOULEVARD ELM GROVE WI 53122
Culver Curt S director 250 E KILBOURN AVE MILWAUKEE WI 53202

WEC Energy Group Headlines

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