Bunge Limited (BG)
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 | 1,995,000 | 2,173,000 | 2,360,000 | 3,090,000 | 3,567,000 | 3,148,000 | 3,111,000 | 2,508,000 | 2,469,000 | 2,222,000 | 2,421,000 | 2,541,000 | 2,808,000 | 3,189,000 | 2,752,000 | 3,031,000 | 1,678,000 | 977,000 | -808,000 | -1,200,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 9,913,000 | 10,135,000 | 10,002,000 | 10,551,000 | 10,851,000 | 10,251,000 | 10,575,000 | 9,955,000 | 9,224,000 | 8,705,000 | 8,732,000 | 8,581,000 | 7,669,000 | 7,495,000 | 7,184,000 | 6,637,000 | 6,069,000 | 5,327,000 | 5,093,000 | 4,862,000 |
| Return on total capital | 20.13% | 21.44% | 23.60% | 29.29% | 32.87% | 30.71% | 29.42% | 25.19% | 26.77% | 25.53% | 27.73% | 29.61% | 36.61% | 42.55% | 38.31% | 45.67% | 27.65% | 18.34% | -15.86% | -24.68% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,995,000K ÷ ($—K + $9,913,000K)
= 20.13%
The return on total capital for Bunge Limited has shown fluctuations over the quarters analyzed.
Starting from a negative value of -24.68% in March 2020, the company managed to improve its performance and achieve positive returns. The return on total capital increased steadily to reach a peak of 45.67% in March 2021.
Subsequently, the return on total capital fluctuated between 25% and 42% for the rest of 2021 and 2022. However, starting from March 2023, there was a slight decline in the return on total capital, with values ranging from 25% to 32.87% by the end of December 2023.
In the last year analyzed, Bunge Limited experienced a downward trend with the return on total capital dropping to 20.13% by December 2024. This indicates that the company may be facing challenges in generating returns on the total capital invested.
Overall, while Bunge Limited has shown improvements in generating returns on total capital over the years, the recent decline raises concerns about the company's ability to maintain its profitability in the future. Further analysis of the company's financial performance and strategies may be necessary to understand these fluctuations.
Peer comparison
Dec 31, 2024