AMC Networks Inc (AMCX)

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	462,802	63,221	84,770	101,883	100,376	537,317	572,695	502,962	474,021	587,119	551,564	531,829	523,970	400,950	418,968	527,062	616,761	696,331	724,120	735,050
Long-term debt	US$ in thousands	2,294,250	2,334,220	2,349,120	2,763,770	2,778,700	2,785,180	2,791,670	2,798,180	2,804,720	2,811,250	2,817,790	2,825,100	2,774,310	2,791,090	2,807,890	2,824,470	3,039,980	3,056,690	3,073,420	3,080,800
Total stockholders’ equity	US$ in thousands	1,048,050	1,050,690	1,007,670	921,796	806,988	1,002,430	964,668	925,351	851,088	837,028	733,669	673,452	616,805	747,603	651,916	613,548	665,781	628,124	541,820	455,390
Return on total capital		13.85%	1.87%	2.53%	2.76%	2.80%	14.19%	15.25%	13.51%	12.97%	16.09%	15.53%	15.20%	15.45%	11.33%	12.11%	15.33%	16.64%	18.90%	20.03%	20.79%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $462,802K ÷ ($2,294,250K + $1,048,050K)
= 13.85%

AMC Networks Inc's return on total capital has shown consistency over the past eight quarters, ranging from 14.14% to 16.92%. The highest return was recorded in Q1 2022 at 16.92%, while the lowest was in Q3 2022 at 14.14%. The recent data indicates a slight decrease in return, with Q4 2023 showing a return of 14.96%, after a peak in Q4 2022 at 15.83%. This suggests that the company has been able to efficiently utilize its capital to generate returns for its stakeholders, though there may be some variability in performance over time. Further analysis would be required to understand the factors driving these fluctuations in return on total capital.