Peabody Energy Corp (BTU)
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 | 1,102,400 | 1,434,200 | 1,673,600 | 1,865,300 | 1,379,300 | 1,317,900 | 895,900 | 449,500 | 501,100 | -128,000 | -158,000 | -1,680,100 | -1,744,200 | -1,869,100 | -1,879,900 | -293,700 | -21,300 | 487,900 | 486,200 | 318,100 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,547,000 | 3,458,600 | 3,444,700 | 3,474,700 | 3,231,300 | 2,611,200 | 2,248,200 | 1,852,800 | 1,761,800 | 981,900 | 896,500 | 839,500 | 929,600 | 1,050,700 | 939,300 | 2,476,500 | 2,613,800 | 2,939,600 | 3,176,100 | 3,214,700 |
| Return on total capital | 31.08% | 41.47% | 48.58% | 53.68% | 42.69% | 50.47% | 39.85% | 24.26% | 28.44% | -13.04% | -17.62% | -200.13% | -187.63% | -177.89% | -200.14% | -11.86% | -0.81% | 16.60% | 15.31% | 9.90% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,102,400K ÷ ($—K + $3,547,000K)
= 31.08%
The return on total capital for Peabody Energy Corp has displayed significant fluctuations over the past several quarters. The ratio has shown a volatile trend, with values ranging from negative to positive, indicating inconsistent performance in generating returns relative to the total capital employed.
In the most recent quarter, the return on total capital stood at 31.08%, showing a positive return on the company's total capital investment. Prior to that, the ratio had experienced an upward trend, reaching a peak of 53.68% in the first quarter of 2023. However, there were periods of negative returns, notably in the first and second quarters of 2022 and the first quarter of 2021, where the company posted returns of -200.13%, -187.63%, and -200.14%, respectively.
Overall, the return on total capital for Peabody Energy Corp has been inconsistent and volatile, reflecting fluctuations in the company's ability to generate returns compared to the capital invested. This variability suggests a need for closer monitoring and potentially strategic adjustments to enhance the company's capital utilization efficiency.
Peer comparison
Dec 31, 2023