Civitas Resources Inc (CIVI)
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 | -811,681 | 1,399,166 | 1,355,250 | 1,227,821 | 1,182,194 | 1,096,216 | 1,399,987 | 1,836,985 | 1,686,052 | 1,537,436 | 1,047,120 | 385,241 | 261,431 | 22,031 | -29,019 | -35,042 | 44,377 | 85,918 | 111,836 | 196,081 |
| Long-term debt | US$ in thousands | 4,493,530 | 4,841,520 | 4,889,550 | 4,437,620 | 4,785,730 | 3,699,890 | 3,048,510 | 393,693 | 393,293 | 392,897 | 392,508 | 492,123 | 491,710 | 160,000 | 199,000 | 0 | 0 | 20,000 | 58,000 | 59,000 |
| Total stockholders’ equity | US$ in thousands | 6,628,750 | 6,668,480 | 6,586,020 | 6,634,930 | 6,181,320 | 6,020,630 | 5,046,690 | 5,101,750 | 5,373,920 | 5,253,520 | 4,992,550 | 4,637,530 | 4,655,000 | 1,417,250 | 1,385,110 | 1,046,760 | 1,045,250 | 982,952 | 978,038 | 1,016,420 |
| Return on total capital | -7.30% | 12.16% | 11.81% | 11.09% | 10.78% | 11.28% | 17.29% | 33.43% | 29.24% | 27.23% | 19.44% | 7.51% | 5.08% | 1.40% | -1.83% | -3.35% | 4.25% | 8.57% | 10.79% | 18.23% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-811,681K ÷ ($4,493,530K + $6,628,750K)
= -7.30%
Civitas Resources Inc's return on total capital has shown fluctuating trends over the periods provided. Starting from March 31, 2020, with a solid return of 18.23%, the company's performance dipped in the subsequent quarters, reaching negative values by March 31, 2021. The negative returns persisted until September 30, 2021.
However, from December 31, 2021, there was a noticeable turnaround in the company's performance, with the return on total capital gradually improving. By June 30, 2022, Civitas Resources Inc achieved a return on total capital of 19.44%. This positive momentum continued into the following periods, with significant improvements by March 31, 2023, reaching a return of 33.43%.
Although there was a slight dip in performance by the end of December 31, 2024, the return on total capital remained positive, indicating a reasonable level of efficiency in utilizing the company's total capital during the period under review. Overall, the company showed signs of recovery and improvement in its return on total capital, reflecting potential positive prospects for continued growth and financial performance.
Peer comparison
Dec 31, 2024