Corporacion Acciona Energias Renovables (XMAD:ANE) 3-Year ROIIC % : 11.24% (As of Dec. 2023)

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What is Corporacion Acciona Energias Renovables 3-Year ROIIC %?

3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year. Corporacion Acciona Energias Renovables's 3-Year ROIIC % for the quarter that ended in Dec. 2023 was 11.24%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Corporacion Acciona Energias Renovables's 3-Year ROIIC % or its related term are showing as below:

XMAD:ANE's 3-Year ROIIC % is ranked better than
72.52% of 404 companies
in the Utilities - Independent Power Producers industry
Industry Median: 2.215 vs XMAD:ANE: 11.24

Corporacion Acciona Energias Renovables 3-Year ROIIC % Historical Data

The historical data trend for Corporacion Acciona Energias Renovables's 3-Year ROIIC % 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.

* Premium members only.

Corporacion Acciona Energias Renovables 3-Year ROIIC % Chart

Corporacion Acciona Energias Renovables Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

3-Year ROIIC %

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151.64

56.45

11.24

Corporacion Acciona Energias Renovables Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
3-Year ROIIC %	Get a 7-Day Free Trial					151.64	-	56.45	-	11.24

Competitive Comparison of Corporacion Acciona Energias Renovables's 3-Year ROIIC %

For the Utilities - Renewable subindustry, Corporacion Acciona Energias Renovables's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Corporacion Acciona Energias Renovables's 3-Year ROIIC % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Corporacion Acciona Energias Renovables's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Corporacion Acciona Energias Renovables's 3-Year ROIIC % falls into.

Corporacion Acciona Energias Renovables 3-Year ROIIC % Calculation

Corporacion Acciona Energias Renovables's 3-Year ROIIC % for the quarter that ended in Dec. 2023 is calculated as:

3-Year ROIIC %	=	3-Year Incremental Net Operating Profit After Taxes (NOPAT)^**	/	3-Year Incremental Invested Capital^**
	=	( 617.4415 (Dec. 2023) - 281.1642363 (Dec. 2020) )	/	( 12953 (Dec. 2023) - 9962.255 (Dec. 2020) )
	=	336.2772637	/	2990.745
	=	11.24%^***

** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Corporacion Acciona Energias Renovables (XMAD:ANE) 3-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.

Corporacion Acciona Energias Renovables 3-Year ROIIC % Related Terms

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Corporacion Acciona Energias Renovables (XMAD:ANE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Corporacion Acciona Energias Renovables SA (XMAD:ANE) » Definitions » 3-Year ROIIC %

Comparable Companies

Traded in Other Exchanges

ANEe:UK 5BP:Germany

Address

Avenida de Europa, 18, Parque Empresarial La Moraleja, Alcobendas, Madrid, ESP, 28108

Website

https://www.acciona-energia.com

A renewables developer, Acciona Energia was spun off from Spanish industrial conglomerate Acciona in July 2021. The floating share is 17.3%. In June 2022, the group had 9.2 gigawatts of consolidated capacity (11.2 GW of total capacity). Eighty percent of Acciona Energia's capacity is onshore wind, nearly 10% is hydro dams in Spain and 9% is solar photovoltaic. Geographically, 50% of the capacity are located in Spain. The three biggest markets outside Spain are Mexico, the U.S., and Australia accounting for 12%, 11%, and 6% of capacity, respectively.

Corporacion Acciona Energias Renovables (XMAD:ANE) Headlines

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