WEC Energy Group (WEC Energy Group) Change In Inventory : $42 Mil (TTM As of Dec. 2023)

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What is WEC Energy Group Change In Inventory?

WEC Energy Group's change in inventory for the quarter that ended in Dec. 2023 was $-25 Mil. It means WEC Energy Group's inventory increased by $25 Mil from Sep. 2023 to Dec. 2023 .

WEC Energy Group's change in inventory for the fiscal year that ended in Dec. 2023 was $42 Mil. It means WEC Energy Group's inventory declined by $42 Mil from Dec. 2022 to Dec. 2023 .

WEC Energy Group's Total Inventories for the quarter that ended in Dec. 2023 was $775 Mil.

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 quarter that 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 Change In Inventory Historical Data

The historical data trend for WEC Energy Group's Change In Inventory 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 Change In Inventory Chart

WEC Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-1.50

21.20

-107.20

-171.30

41.90

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
Change In Inventory	Get a 7-Day Free Trial															117.50	293.60	-80.30	-146.10	-25.30

WEC Energy Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $42 Mil.

WEC Energy Group (NYSE:WEC) Change In Inventory Explanation

1. 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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	762.55	/	1315	*	365 / 4
	=	52.91

2. 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	/	Average Total Inventories
	=	1315	/	762.55
	=	1.72

3. 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	/	Revenue
	=	762.55	/	2217.5
	=	0.34

WEC Energy Group Change In Inventory 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 » Change In Inventory

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

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