Biogen Inc (BIIB)
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 | 2,156,300 | 2,168,700 | 1,580,700 | 1,576,200 | 1,543,300 | 1,838,900 | 3,346,900 | 3,931,900 | 3,926,300 | 4,144,500 | 3,083,300 | 1,838,600 | 1,862,200 | 1,411,700 | 2,040,700 | 3,999,100 | 5,215,400 | 6,550,000 | 7,354,400 | 7,090,100 |
| Long-term debt | US$ in thousands | 4,547,200 | — | — | — | 6,788,200 | — | — | — | 6,567,300 | — | — | — | 7,567,300 | — | — | — | 7,500,000 | — | — | — |
| Total stockholders’ equity | US$ in thousands | 16,716,000 | 16,358,900 | 15,889,100 | 15,213,000 | 14,799,400 | 14,483,800 | 14,466,900 | 13,796,600 | 13,397,900 | 12,775,500 | 11,872,500 | 11,242,300 | 10,896,200 | 10,429,900 | 10,751,900 | 10,682,200 | 10,700,300 | 10,758,500 | 11,308,700 | 12,546,900 |
| Return on total capital | 10.14% | 13.26% | 9.95% | 10.36% | 7.15% | 12.70% | 23.13% | 28.50% | 19.67% | 32.44% | 25.97% | 16.35% | 10.09% | 13.54% | 18.98% | 37.44% | 28.66% | 60.88% | 65.03% | 56.51% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $2,156,300K ÷ ($4,547,200K + $16,716,000K)
= 10.14%
Biogen Inc's return on total capital fluctuated over the period from March 31, 2020, to December 31, 2024. The return on total capital was relatively high in the second quarter of 2020 at 65.03% and decreased to 18.98% by the second quarter of 2021. There was a gradual increase in the return on total capital from March 31, 2021, to September 30, 2022, reaching 32.44%. However, the return on total capital declined in the following quarters, reaching a low of 7.15% by December 31, 2023. The return on total capital slightly improved in the subsequent quarters, ending at 10.14% by December 31, 2024. The fluctuations in the return on total capital indicate changes in the company's efficiency in generating profits from its total capital employed during the period under consideration.
Peer comparison
Dec 31, 2024