Ameren Corp (AEE)
Return on total capital
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 1,893,000 | 1,923,000 | 1,934,000 | 1,908,000 | 1,890,000 | 1,860,000 | 1,761,000 | 1,659,000 | 1,561,000 | 1,486,000 | 1,476,000 | 1,501,000 | 1,530,000 | 1,521,000 | 1,458,000 | 1,508,000 | 1,412,000 | 1,298,000 | 1,315,000 | 1,233,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 12,114,000 | 11,833,000 | 11,539,000 | 11,443,000 | 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 |
| Return on total capital | 15.63% | 16.25% | 16.76% | 16.67% | 16.65% | 16.84% | 16.46% | 15.64% | 14.86% | 14.57% | 14.94% | 15.31% | 15.77% | 15.70% | 15.59% | 16.48% | 15.80% | 15.29% | 15.98% | 15.25% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,893,000K ÷ ($—K + $12,114,000K)
= 15.63%
Ameren Corp's return on total capital has shown stability and improvement over the period from March 31, 2020, to December 31, 2024. The ratio started at 15.25% in March 2020, reached a peak of 16.84% in September 2023, and then slightly decreased to 15.63% by December 2024.
Overall, Ameren Corp has maintained a healthy return on total capital, indicating its ability to generate profits from the capital invested in the business. However, the slight decline in the ratio towards the end of the period may point to changes in the company's capital structure or profitability levels that may warrant further monitoring and analysis.
Peer comparison
Dec 31, 2024