Chemours Co (CC)
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 | -100,000 | -121,000 | 141,000 | 797,000 | 903,000 | 1,277,000 | 1,213,000 | 1,033,000 | 862,000 | 590,000 | 427,000 | 409,000 | 390,000 | -85,000 | -54,000 | 58,000 | 85,000 | 716,000 | 888,000 | 1,073,000 |
| Long-term debt | US$ in thousands | 3,987,000 | 3,944,000 | 3,604,000 | 3,599,000 | 3,590,000 | 3,510,000 | 3,656,000 | 3,692,000 | 3,724,000 | 3,829,000 | 3,964,000 | 3,970,000 | 4,005,000 | 4,063,000 | 4,327,000 | 4,012,000 | 4,026,000 | 4,007,000 | 4,190,000 | 3,965,000 |
| Total stockholders’ equity | US$ in thousands | 737,000 | 755,000 | 808,000 | 1,227,000 | 1,107,000 | 1,284,000 | 1,214,000 | 1,166,000 | 1,081,000 | 998,000 | 898,000 | 850,000 | 813,000 | 732,000 | 657,000 | 655,000 | 689,000 | 837,000 | 823,000 | 810,000 |
| Return on total capital | -2.12% | -2.58% | 3.20% | 16.51% | 19.23% | 26.64% | 24.91% | 21.26% | 17.94% | 12.22% | 8.78% | 8.49% | 8.09% | -1.77% | -1.08% | 1.24% | 1.80% | 14.78% | 17.71% | 22.47% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-100,000K ÷ ($3,987,000K + $737,000K)
= -2.12%
Based on the data provided, Chemours Co's return on total capital has fluctuated over the past few quarters. There has been a recent downward trend with negative returns recorded in the last two quarters of 2023. The company saw a significant drop in return from 26.64% in September 2022 to -2.12% in December 2023.
Although there were positive returns in previous quarters, with the highest return of 26.64% in September 2022, the overall trend seems to be somewhat volatile and inconsistent. It is important to further investigate the factors contributing to these fluctuations in return on total capital to assess the company's financial performance and sustainability in the long term.
Peer comparison
Dec 31, 2023