Carnival Corporation (CCL)
Return on total capital
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 3,556,000 | 3,423,000 | 2,828,000 | 2,408,000 | 2,004,000 | 423,000 | -1,497,000 | -3,098,000 | -4,471,000 | -5,594,000 | -7,698,000 | -7,860,000 | -7,921,000 | -7,534,000 | -7,643,000 | -10,223,000 | -9,357,000 | -6,981,000 | -2,552,000 | 2,164,000 |
| Long-term debt | US$ in thousands | 25,936,000 | 26,642,000 | 27,154,000 | 28,544,000 | 28,483,000 | 29,516,000 | 31,921,000 | 32,672,000 | 31,953,000 | 28,518,000 | 29,263,000 | 29,887,000 | 28,509,000 | 26,831,000 | 25,968,000 | 26,522,000 | 22,130,000 | 18,916,000 | 14,870,000 | 9,738,000 |
| Total stockholders’ equity | US$ in thousands | 9,251,000 | 8,597,000 | 6,814,000 | 6,682,000 | 6,882,000 | 6,960,000 | 5,865,000 | 6,170,000 | 7,065,000 | 8,379,000 | 8,260,000 | 10,311,000 | 12,144,000 | 14,863,000 | 17,876,000 | 19,813,000 | 20,555,000 | 19,503,000 | 20,840,000 | 24,290,000 |
| Return on total capital | 10.11% | 9.71% | 8.33% | 6.84% | 5.67% | 1.16% | -3.96% | -7.98% | -11.46% | -15.16% | -20.52% | -19.55% | -19.48% | -18.07% | -17.43% | -22.06% | -21.92% | -18.17% | -7.15% | 6.36% |
November 30, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $3,556,000K ÷ ($25,936,000K + $9,251,000K)
= 10.11%
The return on total capital for Carnival Corporation has shown fluctuations over the period from February 29, 2020, to November 30, 2024.
- The company's return on total capital was 6.36% as of February 29, 2020.
- It then experienced a significant decline, reaching a negative return of -21.92% by November 30, 2020.
- The negative trend continued into the following months, with return percentages ranging from -22.06% to -15.16% up to August 31, 2022.
- However, there was a gradual improvement in the return on total capital starting from August 31, 2022, where it turned positive at 1.16%.
- The positive trend continued, with returns increasing to 10.11% by November 30, 2024.
Overall, Carnival Corporation's return on total capital has shown a recovery from the negative figures observed in the mid-2020s and has exhibited positive growth by the end of the analyzed period. This improvement indicates better utilization of the company's capital resources to generate profits and may suggest positive prospects for the company's financial performance in the future.
Peer comparison
Nov 30, 2024