Analyzing AleAnna's ROCE Trajectory for Future Growth Opportunities

AleAnna (NASDAQ:ANNA) has a ROCE of 1.3%, which is lower than the Renewable Energy industry average of 4.3%. Despite this, the company's ROCE has improved significantly over the past two years, from a loss-making position to generating 1.3% on its capital. The increase in current liabilities has contributed to the ROCE growth, but the business has plenty of reinvestment opportunities that can generate higher returns.