10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year.
Pinnacle West Capital's 10-Year ROIIC % for the quarter that ended in Dec. 2023 was 1.44%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Pinnacle West Capital's 10-Year ROIIC % or its related term are showing as below:
PNW's 10-Year ROIIC % is ranked worse than 64.19% of 497
companies
in the Utilities - Regulated industry
Industry Median: 3.66
vs PNW: 1.44
Pinnacle West Capital 10-Year ROIIC % Historical Data
The historical data trend for Pinnacle West Capital's 10-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.
Competitive Comparison of Pinnacle West Capital's 10-Year ROIIC %
For the Utilities - Regulated Electric subindustry, Pinnacle West Capital's 10-Year ROIIC %, along with its competitors' market caps and 10-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.
Pinnacle West Capital's 10-Year ROIIC % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Pinnacle West Capital's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Pinnacle West Capital's 10-Year ROIIC % falls into.
Pinnacle West Capital 10-Year ROIIC % Calculation
Pinnacle West Capital's 10-Year ROIIC % for the quarter that ended in Dec. 2023 is calculated as:
10-Year ROIIC %
=
10-Year Incremental Net Operating Profit After Taxes (NOPAT)**
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 10-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.
Pinnacle West Capital (NYSE:PNW) 10-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.
Pinnacle West Capital 10-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Pinnacle West Capital's 10-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Pinnacle West Capital (Pinnacle West Capital) Business Description
Pinnacle West is a holding company whose principal subsidiary is Arizona Public Service, a vertically integrated electric utility that serves 1.4 million customers across a 35,000-square-mile territory in central Arizona, including Phoenix. APS owns or leases more than 6 gigawatts of power generation capacity, including a 29% ownership stake in the largest nuclear plant in the U.S., Palo Verde. About half of the electricity that APS supplies to customers comes from clean energy sources, including nuclear.
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