Ameren Corp (AEE)
Return on total capital
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 1,558,000 | 1,570,000 | 1,555,000 | 1,535,000 | 1,515,000 | 1,436,000 | 1,371,000 | 1,348,000 | 1,333,000 | 1,347,000 | 1,307,000 | 1,375,000 | 1,300,000 | 1,268,000 | 1,294,000 | 1,220,000 | 1,267,000 | 1,254,000 | 1,267,000 | 1,372,000 |
| Long-term debt | US$ in thousands | 15,121,000 | 13,829,000 | 14,328,000 | 14,181,000 | 13,685,000 | 13,577,000 | 12,985,000 | 12,563,000 | 12,562,000 | 12,444,000 | 12,492,000 | 11,527,000 | 11,078,000 | 10,172,000 | 10,171,000 | 9,378,000 | 8,915,000 | 8,651,000 | 8,222,000 | 8,221,000 |
| Total stockholders’ equity | US$ in thousands | 11,349,000 | 11,043,000 | 10,697,000 | 10,607,000 | 10,508,000 | 10,201,000 | 9,880,000 | 9,806,000 | 9,700,000 | 9,685,000 | 9,353,000 | 9,148,000 | 8,938,000 | 8,489,000 | 8,227,000 | 8,085,000 | 8,059,000 | 8,062,000 | 7,791,000 | 7,705,000 |
| Return on total capital | 5.89% | 6.31% | 6.21% | 6.19% | 6.26% | 6.04% | 6.00% | 6.03% | 5.99% | 6.09% | 5.98% | 6.65% | 6.49% | 6.79% | 7.03% | 6.99% | 7.46% | 7.50% | 7.91% | 8.61% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,558,000K ÷ ($15,121,000K + $11,349,000K)
= 5.89%
Ameren Corp.'s return on total capital has shown stability and consistency over the past eight quarters, ranging from 5.59% to 5.93%. The company has been able to efficiently generate returns relative to its total capital base, with the highest return recorded in Q4 2022. This indicates that Ameren Corp. is effectively utilizing its capital to generate profits. The quarterly fluctuations in return on total capital are relatively minor, suggesting a stable performance in optimizing its overall capital utilization. Overall, Ameren Corp. has demonstrated a solid performance in efficiently generating returns relative to its total capital over the analyzed period.
Peer comparison
Dec 31, 2023