Ameren Corp (AEE)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,152,000	1,074,000	990,000	871,000	828,000
Total stockholders’ equity	US$ in thousands	11,349,000	10,508,000	9,700,000	8,938,000	8,059,000
ROE		10.15%	10.22%	10.21%	9.74%	10.27%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $1,152,000K ÷ $11,349,000K
= 10.15%

Ameren Corp.'s return on equity (ROE) has been relatively stable over the past five years, ranging from 9.74% to 10.27%. The ROE for 2023 stands at 10.15%, showing a slight decrease compared to the previous year. This indicates that for every dollar of shareholders' equity invested in the company, it generated a return of 10.15% in 2023.

Although the variations in ROE over the years have been minimal, it is important to note that Ameren Corp. has consistently maintained a ROE above 10%, reflecting a healthy profitability and efficiency in utilizing shareholders' equity to generate earnings. Investors generally consider a higher ROE favorable as it signifies better performance and potential returns on their investment.

Overall, Ameren Corp.'s steady ROE performance suggests a stable financial position and effective management of its assets and operations to generate profit for its shareholders.