Ameren Illinois Co (Ameren Illinois Co) ROCE % : 8.08% (As of Mar. 2024)

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What is Ameren Illinois Co ROCE %?

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. Ameren Illinois Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.08%.

Ameren Illinois Co ROCE % Historical Data

The historical data trend for Ameren Illinois Co'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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Ameren Illinois Co ROCE % Chart

Ameren Illinois Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.52

5.49

5.54

5.95

6.42

Ameren Illinois Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.19	5.67	5.43	6.38	8.08

Ameren Illinois Co ROCE % Calculation

Ameren Illinois Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	1022	/	( ( (16441 - 1291)	+	(18122 - 1433) )	/ 2 )
	=	1022	/	( (15150	+	16689)	/ 2 )
	=	1022	/	15919.5
	=	6.42 %

Ameren Illinois Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1348	/	( ( (18122 - 1433)	+	(18279 - 1610) )	/ 2 )
	=	1348	/	( ( 16689	+	16669 )	/ 2 )
	=	1348	/	16679
	=	8.08 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Ameren Illinois Co (OTCPK:AILIP.PFD) 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.

Ameren Illinois Co ROCE % Related Terms

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Ameren Illinois Co (Ameren Illinois Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Ameren Illinois Co (OTCPK:AILIP.PFD) » Definitions » ROCE %

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AILLP.PFD:USA AILLN.PFD:USA AILLI.PFD:USA AILIO.PFD:USA AILIN.PFD:USA AILIM.PFD:USA AILIH.PFD:USA

Address

6 Executive Drive, Collinsville, IL, USA, 62234

Website

http://www.ameren.com

Ameren Illinois Co an Illinois corporation is a subsidiary of Ameren Corporation. It operates a rate-regulated electric and natural gas transmission and distribution business in Illinois. It supplies electric and natural gas utility service to portions of central and southern Illinois having an estimated population of 3.1 million in an area of 40,000square miles. It supplies electric service to around 1.2 million customers and natural gas service to almost 806,000 customers.

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