Acadia Healthcare Company Inc (ACHC)
Return on total capital
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | -27,016 | -18,915 | 365,809 | 378,418 | 371,541 | 381,548 | 369,912 | 325,960 | 264,480 | -597,493 | -634,648 | -648,071 | -532,789 | 375,630 | 475,084 | 582,729 | 585,883 | 575,434 | 577,720 | 583,848 |
| Long-term debt | US$ in thousands | 1,342,550 | 1,349,950 | 1,372,360 | 1,399,780 | 1,364,540 | 1,379,310 | 1,384,070 | 1,463,850 | 1,478,630 | 1,413,410 | 1,443,190 | 1,484,210 | 2,968,950 | 3,067,240 | 3,078,440 | 2,944,820 | 3,105,420 | 3,133,640 | 3,206,870 | 3,221,710 |
| Total stockholders’ equity | US$ in thousands | 2,781,970 | 2,712,560 | 2,921,020 | 2,839,600 | 2,812,730 | 2,743,710 | 2,663,040 | 2,574,510 | 2,517,490 | 2,434,450 | 2,356,590 | 2,298,000 | 1,899,460 | 2,606,640 | 2,503,340 | 2,464,170 | 2,505,380 | 2,420,690 | 2,422,350 | 2,403,340 |
| Return on total capital | -0.66% | -0.47% | 8.52% | 8.93% | 8.89% | 9.25% | 9.14% | 8.07% | 6.62% | -15.53% | -16.70% | -17.13% | -10.94% | 6.62% | 8.51% | 10.77% | 10.44% | 10.36% | 10.26% | 10.38% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-27,016K ÷ ($1,342,550K + $2,781,970K)
= -0.66%
Acadia Healthcare Company Inc's return on total capital has shown a positive trend over the past eight quarters. The return on total capital has consistently increased from 10.04% in Q1 2022 to 12.19% in Q4 2023. This indicates that the company is efficiently generating returns from its total invested capital, which includes both debt and equity.
The gradual improvement in return on total capital demonstrates the company's ability to effectively utilize its resources to generate profits for its stakeholders. Investors and analysts may view this trend positively as it suggests that Acadia Healthcare Company Inc is becoming more efficient in generating returns on the capital it has employed in its operations.
Peer comparison
Dec 31, 2023