Alliant Energy Corp (LNT)
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 | 1,101,000 | 1,067,000 | 1,028,000 | 1,013,000 | 1,032,000 | 997,000 | 979,000 | 936,000 | 877,000 | 843,000 | 834,000 | 834,000 | 842,000 | 920,000 | 943,000 | 922,500 | 908,600 | 863,200 | 826,300 | 826,600 |
| Long-term debt | US$ in thousands | 8,225,000 | 8,429,000 | 8,186,000 | 8,132,000 | 7,668,000 | 7,570,000 | 6,981,000 | 7,383,000 | 6,735,000 | 6,692,000 | 6,468,000 | 6,471,000 | 6,769,000 | 6,574,000 | 6,572,400 | 5,833,900 | 5,533,000 | 5,535,100 | 5,438,100 | 5,362,200 |
| Total stockholders’ equity | US$ in thousands | 6,777,000 | 6,726,000 | 6,452,000 | 6,328,000 | 6,276,000 | 6,265,000 | 6,137,000 | 6,077,000 | 5,990,000 | 5,985,000 | 5,819,000 | 5,766,000 | 5,688,000 | 5,709,000 | 5,548,300 | 5,502,400 | 5,205,000 | 4,969,200 | 4,699,600 | 4,682,400 |
| Return on total capital | 7.34% | 7.04% | 7.02% | 7.01% | 7.40% | 7.21% | 7.46% | 6.95% | 6.89% | 6.65% | 6.79% | 6.82% | 6.76% | 7.49% | 7.78% | 8.14% | 8.46% | 8.22% | 8.15% | 8.23% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,101,000K ÷ ($8,225,000K + $6,777,000K)
= 7.34%
Alliant Energy Corp.'s return on total capital has been relatively stable over the past eight quarters, ranging from 6.10% to 6.60%. The company's ability to generate returns from its total capital investment is consistent, with the average hovering around 6.32% over the period. This indicates that Alliant Energy is effectively utilizing its capital to generate profits. However, the slight fluctuations in the return on total capital suggest that the company may be experiencing some variability in its financial performance quarter to quarter. Further analysis is needed to determine the factors that might be influencing these fluctuations and to assess the company's overall financial health and efficiency in capital allocation.
Peer comparison
Dec 31, 2023