Spire (SR) ROCE %

: 7.38% (As of Dec. 2023)

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ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Spire's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.38%.

Spire ROCE % Historical Data

The historical data trend for Spire's ROCE % 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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Spire Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

5.54

3.19

6.15

5.16

5.43

Spire Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																7.98	12.91	0.85	0.01	7.38

Spire ROCE % Calculation

Spire's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	442	/	( ( (10083.7 - 2353.6)	+	(10313.6 - 1755.4) )	/ 2 )
	=	442	/	( (7730.1	+	8558.2)	/ 2 )
	=	442	/	8144.15
	=	5.43 %

Spire's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	626.8	/	( ( (10313.6 - 1755.4)	+	(10631.7 - 2210.5) )	/ 2 )
	=	626.8	/	( ( 8558.2	+	8421.2 )	/ 2 )
	=	626.8	/	8489.7
	=	7.38 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Spire (NYSE:SR) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Spire ROCE % Related Terms

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Spire (SR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Spire Inc (NYSE:SR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SRCU:USA SRpA.PFD:USA LGR:Germany

Address

700 Market Street, Saint Louis, MO, USA, 63101

Website

https://www.spireenergy.com

Spire Inc is a public utility holding company with three reportable business segments: Gas Utility , Gas Marketing and Midstream. The Gas Utility segment includes the regulated operations of Laclede Gas, Alabama Gas Corporation (Alagasco), and EnergySouth Inc. The Utilities businesses operations include the purchase, retail, distribution, and sale of natural gas in Missouri, Alabama, and Mississippi. The Gas Utility segment generates a majority of the company's revenue but is subject to seasonal fluctuations. The Gas Marketing segment includes Laclede Energy Resources, Inc, whose operations include the marketing of natural gas and related activities on a non-regulated basis and the Midstream segment includes transportation and storage of natural gas.

Executives

Paul D Koonce	director	P O BOX 26532, RICHMOND VA 23261
Adam W. Woodard	officer: Treasurer	700 MARKET STREET, ST. LOUIS MO 63101
Steven P Rasche	officer: Executive Vice President	700 MARKET STREET, ST. LOUIS MO 63101
Stephen M Mills	officer: Senior Vice President	700 MARKET STREET, ST. LOUIS MO 63101
Vincent J Ferrari	director	12555 MANCHESTER ROAD, DES PERES MO 63131
Brenda D Newberry	director	700 MARKET STREET, ST. LOUIS MO 63101
Carrie J Hightman	director	C/O NISOURCE INC., 801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Stupp John P Jr	director	STUPP JOHN P JR, #18 ST. ANDREWS DR., ST LOUIS MO 63124
Joseph B. Hampton	officer: President, AL & MS	700 MARKET STREET, ST. LOUIS MO 63101
Scott B. Carter	officer: SVP, COO of Distribution Ops	700 MARKET STREET, ST. LOUIS MO 63101
Stephen S Schwartz	director	46897 BAYSIDE PARKWAY, FREMONT CA 94538
Rob L. Jones	director	555 EAST AIRTEX DRIVE, HOUSTON TX 77073
Edward L Glotzbach	director	C/O VISUAL NETWORKS INC, 2092 GAITHER ROAD, ROCKVILLE MD 20850
Mark A Borer	director
Van Lokeren Mary Ann	director