TransAlta Renewables (RNW.TO) Return on Invested Capital (ROIC)

Price: $12.48
Market Cap: $3.33B
Avg Volume: 550.08K
Country: CA
Industry: Renewable Utilities
Sector: Utilities
Beta: 0.738795
52W Range: $10.63-14.74
Website: TransAlta Renewables

Return on Invested Capital (ROIC) Summary

TransAlta Renewables's ROIC measures how effectively the company uses its invested capital to generate profits:

  • Annual: 4.44%
  • Quarterly: 0.68%
  • TTM: 4.44%

What is ROIC?

Return on Invested Capital (ROIC) measures how effectively a company uses its capital from debt and equity to generate profits. ROIC is a useful metric for comparing the efficiency of capital allocation between different companies or across time periods within the same company. A higher ROIC indicates a more efficient use of capital.

Related Metrics

Other important metrics to assess TransAlta Renewables's profitability include:

  • ROE (Return on Equity) - measures the return generated on shareholders' equity:
    • Annual: 4.21%
    • Quarterly: 0.79%
    • TTM: 3.86%
  • ROA (Return on Assets) - measures the return generated on the company's assets:
    • Annual: 2.29%
    • Quarterly: 0.41%
    • TTM: 2.29%

These metrics provide insights into TransAlta Renewables's profitability and efficiency in using its capital and assets to generate returns. Comparing these ratios with industry benchmarks can offer a deeper understanding of the company's performance.

Annual ROIC

4.44%

Quarterly ROIC

0.68%

TTM ROIC

4.44%

TransAlta Renewables Historical ROIC

5.11%5.11%4.60%4.60%4.08%4.08%3.57%3.57%3.06%3.06%2.55%2.55%2.04%2.04%1.53%1.53%1.02%1.02%0.51%0.51%0.00%0.00%ROIC4.44%3.12%3.16%3.98%3.93%1.24%0.14%2.99%4.44%4.41%20142014201520152016201620172017201820182019201920202020202120212022202220232023

Historical ROE

11.52%11.52%10.36%10.36%9.20%9.20%8.04%8.04%6.88%6.88%5.71%5.71%4.55%4.55%3.39%3.39%2.23%2.23%1.06%1.06%-0.10%-0.10%ROE4.21%6.75%4.08%7.89%10.02%0.42%-0.10%9.80%4.85%4.89%20142014201520152016201620172017201820182019201920202020202120212022202220232023

Historical ROA

7.24%7.24%6.51%6.51%5.78%5.78%5.05%5.05%4.33%4.33%3.60%3.60%2.87%2.87%2.14%2.14%1.41%1.41%0.68%0.68%-0.05%-0.05%ROA2.29%3.73%2.52%4.84%6.30%0.25%-0.05%5.84%2.48%2.50%20142014201520152016201620172017201820182019201920202020202120212022202220232023

TransAlta Renewables Historical Profitability Metrics

The table below shows various profitability metrics for each year, with the latest data available for the last fiscal year 2022.

Year ROIC ROE ROA
2022 4.44% 4.21% 2.29%
2021 3.12% 6.75% 3.73%
2020 3.16% 4.08% 2.52%
2019 3.98% 7.89% 4.84%
2018 3.93% 10.02% 6.30%
2017 1.24% 0.42% 0.25%
2016 0.14% -0.10% -0.05%
2015 2.99% 9.80% 5.84%
2014 4.44% 4.85% 2.48%
2013 4.41% 4.89% 2.50%

Related Metrics

Explore detailed financial metrics and analysis for RNW.TO.

Financial Analysis
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