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Wisconsin Electric Power Co (Wisconsin Electric Power Co) Operating Income : $1,039.40 Mil (TTM As of Mar. 2024)


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What is Wisconsin Electric Power Co Operating Income?

Wisconsin Electric Power Co's Operating Income for the three months ended in Mar. 2024 was $274.60 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $1,039.40 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Wisconsin Electric Power Co's Operating Income for the three months ended in Mar. 2024 was $274.60 Mil. Wisconsin Electric Power Co's Revenue for the three months ended in Mar. 2024 was $1,038.80 Mil. Therefore, Wisconsin Electric Power Co's Operating Margin % for the quarter that ended in Mar. 2024 was 26.43%.

Wisconsin Electric Power Co's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wisconsin Electric Power Co's annualized ROC % for the quarter that ended in Mar. 2024 was 5.55%. Wisconsin Electric Power Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.66%.


Wisconsin Electric Power Co Operating Income Historical Data

The historical data trend for Wisconsin Electric Power Co's Operating Income 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.

Wisconsin Electric Power Co Operating Income Chart

Wisconsin Electric Power Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 760.20 860.50 868.70 940.00 1,022.20

Wisconsin Electric Power Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Operating Income Get a 7-Day Free Trial 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 257.40 244.10 310.90 209.80 274.60

Wisconsin Electric Power Co Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,039.40 Mil.

* 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.


Wisconsin Electric Power Co  (OTCPK:WELPP.PFD) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Wisconsin Electric Power Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=1098.4 * ( 1 - 21.05% )/( (15595.1 + 15667.6)/ 2 )
=867.1868/15631.35
=5.55 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Wisconsin Electric Power Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1163.6/( ( (11585.5 + max(471.9, 0)) + (11675.6 + max(367.3, 0)) )/ 2 )
=1163.6/( ( 12057.4 + 12042.9 )/ 2 )
=1163.6/12050.15
=9.66 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(716.9 + 310.6 + 171.7) - (525.9 + 0 + 201.4)
=471.9

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(676.6 + 288.2 + 140.1) - (476.7 + 0 + 260.9)
=367.3

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Wisconsin Electric Power Co's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=274.6/1038.8
=26.43 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Wisconsin Electric Power Co Operating Income Related Terms

Thank you for viewing the detailed overview of Wisconsin Electric Power Co's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Wisconsin Electric Power Co (Wisconsin Electric Power Co) Business Description

Traded in Other Exchanges
Address
231 West Michigan Street, P.O. Box 2046, Milwaukee, WI, USA, 53201
Wisconsin Electric Power Co is an electric utility company. The business activity of the group is functioned through electric and natural gas utility operations. Its electric utility operations are engaged in the generation, distribution, and sale of electricity in southeastern, east central, and northern Wisconsin and the Upper Peninsula of Michigan. The electric utility operations also include steam operations which produce, distribute, and sell steam to space heating and processing customers in metropolitan Milwaukee, Wisconsin. Its natural gas utility operations are engaged in the purchase, distribution, and sale of natural gas to retail customers and the transportation natural gas in three service areas within southeastern, east central, and northern Wisconsin.
Executives
Paul J Spicer director 231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
William Mastoris director 231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Xia Liu director, officer: EVP and CFO ONE ENERGY PLACE, PENSACOLA FL 32520
Anthony Reese officer: Vice President and Treasurer 231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Margaret C Kelsey officer: EVP and Gen Counsel
Gale E Klappa director, officer: CEO and Chairman of the Board 231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Tom Metcalfe officer: Exec. VP - Generation 231 W. MICHIGAN STREET, MILWAUKEE WI 53203
James A. Schubilske officer: Vice President & Treasurer 231 W. MICHIGAN STREET, MILWAUKEE WI 53203
William J Guc officer: Vice President & Controller 130 EAST RANDOLPH DRIVE, CHICAGO IL 60601
Scott J Lauber officer: Vice President and Treasurer 231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Joan M Shafer officer: Exec VP-HR & Org Effectiveness 231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Henry W Knueppel director 200 STATE STREET, BELOIT WI 53511
James Patrick Keyes officer: Executive VP & CFO 231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Susan H. Martin officer: Executive VP & General Counsel 231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Mary Ellen Stanek director 14730 WEST JUNEAU BOULEVARD, ELM GROVE WI 53122

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