What is the ROCE (Return on Capital Employed) of ALLETE this year?
The ROCE of ALLETE is 0.06 undefined this year.
ALLETE ROCE 2024
ALLETE ROCE
0.06
Ticker
ALE
ISIN
US0185223007
WKN
A0DJ2T
In 2024, ALLETE's return on capital employed (ROCE) was 0.06, a 26.6% increase from the 0.05 ROCE in the previous year.
ALLETE Aktienanalyse
What does ALLETE do?
ALLETE Inc. is an American company specializing in the energy industry, headquartered in Duluth, Minnesota. The company was founded in 1906 and has since undergone impressive development. Today, it is a big player in the energy industry and supplies electricity and gas to around half a million customers. Business model ALLETE Inc.'s business model focuses on the distribution of energy products and services. The company operates various business areas, including energy generation and transmission, as well as supply of electricity and gas, alternative energy sources, and technology and engineering services. History ALLETE Inc. was originally founded as "Minnesota Power Company" and initially only provided electricity to customers in Duluth and surrounding communities. Over the years, the company expanded and acquired other utility companies in the Upper Midwest, particularly in Minnesota and Wisconsin. Today, ALLETE Inc. also owns hydrogen and wind energy facilities that promote alternative energy generation. Segments The company has four main business segments, including the energy market, specialty services, renewable energy, and real estate. These business segments are organized to focus on the core business and ensure that the company continues to grow and follow current trends. Each segment has its own objectives. Products and services ALLETE Inc. offers a range of energy products and services, including: Energy - ALLETE Inc. produces and distributes various types of energy, including electricity and gas, and supplies around 50,000 customers in Minnesota and Wisconsin. The company utilizes a portfolio of different energy generation methods. Alternative Energies - ALLETE Inc. invests in alternative energy projects, including hydrogen and wind energy. Hydrogen has the potential to become a key element of clean energy supply, and ALLETE Inc. has already put a hydrogen production facility into operation. The company has also established numerous wind farms, which play a significant role in large corporations. Technology Services - ALLETE Inc. leverages its expertise to develop and offer technological innovations and services for the energy industry. With the growing market and increasing demand for sustainable energy and technology solutions, we see ALLETE Inc. as a key partner in the energy industry in the future. Real Estate - The company is also involved in the real estate business and owns a variety of industrial buildings and properties, mostly in regions that provide strategic value for energy supply. These properties are typically focused on long-term lease agreements, contributing to the maintenance of stable revenue growth. Conclusion: In the energy industry, ALLETE Inc. has not only gained decades of experience but also played a significant role in the clean energy transition and the development of digital technologies. With its various business segments and products, the company achieves solid revenues and is thus one of the key players in the industry in the United States. ALLETE ist eines der beliebtesten Unternehmen auf Eulerpool.com.ROCE Details
Unraveling ALLETE's Return on Capital Employed (ROCE)
ALLETE's Return on Capital Employed (ROCE) is a financial metric that measures the company's profitability and efficiency with respect to the capital employed. It is calculated by dividing earnings before interest and tax (EBIT) by the employed capital. A higher ROCE indicates that the company is effectively utilizing its capital to generate profits.
Year-to-Year Comparison
Analyzing ALLETE's ROCE annually provides valuable insights into its efficiency in using its capital to generate profits. An increasing ROCE indicates improved profitability and operational efficiency, whereas a decrease might signal potential issues in capital utilization or business operations.
Impact on Investments
ALLETE's ROCE is a critical factor for investors and analysts for evaluating the company’s efficiency and profitability. A higher ROCE can make the company an attractive investment, as it often signifies that the firm is generating adequate profits from its employed capital.
Interpreting ROCE Fluctuations
Changes in ALLETE’s ROCE are attributed to variations in EBIT or the capital employed. These fluctuations offer insights into the company’s operational efficiency, financial performance, and strategic financial management, assisting investors in making informed investment decisions.
Frequently Asked Questions about ALLETE stock
How has the ROCE (Return on Capital Employed) of ALLETE developed compared to the previous year?
The ROCE of ALLETE has increased by 26.6% increased compared to the previous year.
What does a high ROCE (Return on Capital Employed) mean for investors of ALLETE?
A high Return on Capital Employed (ROCE) indicates that ALLETE has efficient capital utilization and is able to achieve a higher return on its invested capital. This can be appealing to investors.
What does a low ROCE (Return on Capital Employed) mean for investors of ALLETE?
A low ROCE (Return on Capital Employed) can indicate that ALLETE has an inefficient utilization of its capital and may have difficulty in achieving a satisfactory return on its invested capital. This can be uncertain or unattractive for investors.
How does an increase in ROCE from ALLETE impact the company?
An increase in the ROCE of ALLETE can be an indicator of improved company efficiency and show that it is achieving higher profits in relation to its investments.
How does a reduction in the ROCE of ALLETE affect the company?
A decrease in ROCE of ALLETE can be an indicator of deteriorated efficiency of the company, indicating that it is generating lower profits in relation to its investments.
What are some factors that can influence the ROCE of ALLETE?
Some factors that can affect ALLETE's ROCE include efficiency in managing assets, profitability of investments, cost efficiency, and market conditions.
Why is the ROCE of ALLETE so important for investors?
The ROCE of ALLETE is important for investors as it is an indicator of the company's efficiency and shows how successful the company is in relation to its investments. A high ROCE can indicate strong financial performance of the company.
What strategic measures can ALLETE take to improve the ROCE?
To improve the ROCE, ALLETE can take measures such as increasing efficiency in asset management, optimizing investments, cost savings, and exploring new revenue sources. It is important for the company to conduct a thorough review of its operations to determine the best strategic actions to improve the ROCE.
How much dividend does ALLETE pay?
Over the past 12 months, ALLETE paid a dividend of 2.71 USD . This corresponds to a dividend yield of about 4.22 %. For the coming 12 months, ALLETE is expected to pay a dividend of 2.75 USD.
What is the dividend yield of ALLETE?
The current dividend yield of ALLETE is 4.22 %.
When does ALLETE pay dividends?
ALLETE pays a quarterly dividend. This is distributed in the months of December, March, June, September.
How secure is the dividend of ALLETE?
ALLETE paid dividends every year for the past 25 years.
What is the dividend of ALLETE?
For the upcoming 12 months, dividends amounting to 2.75 USD are expected. This corresponds to a dividend yield of 4.29 %.
In which sector is ALLETE located?
ALLETE is assigned to the 'Utilities' sector.
Wann musste ich die Aktien von ALLETE kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of ALLETE from 9/1/2024 amounting to 0.705 USD, you needed to have the stock in your portfolio before the ex-date on 8/15/2024.
When did ALLETE pay the last dividend?
The last dividend was paid out on 9/1/2024.
What was the dividend of ALLETE in the year 2023?
In the year 2023, ALLETE distributed 2.6 USD as dividends.
In which currency does ALLETE pay out the dividend?
The dividends of ALLETE are distributed in USD.
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Andere Kennzahlen von ALLETE
Our stock analysis for ALLETE Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of ALLETE Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
