Acadia Healthcare Company Inc (ACHC)
Return on total capital
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 461,094 | 518,060 | 528,341 | 527,830 | 504,567 | 486,999 | 463,332 | 454,446 | 443,903 | 451,585 | 441,611 | 421,962 | 414,474 | 425,982 | 431,873 | 422,468 | 421,047 | 393,984 | 379,166 | 395,625 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,073,720 | 3,031,520 | 2,952,720 | 2,866,020 | 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 |
| Return on total capital | 15.00% | 17.09% | 17.89% | 18.42% | 18.14% | 17.95% | 15.86% | 16.00% | 15.78% | 16.46% | 16.58% | 16.39% | 16.46% | 17.50% | 18.33% | 18.38% | 22.17% | 15.11% | 15.15% | 16.06% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $461,094K ÷ ($—K + $3,073,720K)
= 15.00%
Acadia Healthcare Company Inc's return on total capital has shown fluctuating trends over the past five years. The ratio stood at 16.06% as of March 31, 2020, and exhibited a slight decrease to 15.15% by June 30, 2020. However, there was a subsequent increase to 22.17% by December 31, 2020, indicating a significant improvement in the company's ability to generate returns from its total capital.
The return on total capital continued to remain relatively high through the first half of 2021, with figures of 18.38% and 18.33% for March 31, 2021, and June 30, 2021, respectively. However, there was a gradual decline in the ratio in the latter part of 2021 and into 2022, ranging from 16.46% to 16.58%.
As of December 31, 2022, the return on total capital decreased to 15.78%, before experiencing a slight recovery in the following periods. By March 31, 2024, the ratio had increased to 18.42%, its highest point since December 31, 2020. The trend continued in the subsequent quarters with figures of 17.89% and 17.09% for June 30, 2024, and September 30, 2024, respectively.
However, there was a notable decline in the return on total capital for Acadia Healthcare Company Inc by the end of 2024, with the ratio dropping to 15.00% as of December 31, 2024. Overall, Acadia Healthcare Company Inc's return on total capital has displayed variability over the years, with both peaks and troughs in the company's ability to utilize its total capital efficiently to generate returns for its shareholders and investors.
Peer comparison
Dec 31, 2024