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.