Comcast Corp (CMCSA)
Return on total capital
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 23,297,000 | 24,846,000 | 13,625,000 | 23,699,000 | 18,486,000 |
| Long-term debt | US$ in thousands | 89,800,000 | 92,200,000 | 86,900,000 | 109,300,000 | 125,600,000 |
| Total stockholders’ equity | US$ in thousands | 85,560,000 | 82,703,000 | 80,943,000 | 96,092,000 | 90,323,000 |
| Return on total capital | 13.29% | 14.21% | 8.12% | 11.54% | 8.56% |
December 31, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $23,297,000K ÷ ($89,800,000K + $85,560,000K)
= 13.29%
Based on the provided data, Comcast Corp's return on total capital has exhibited fluctuations over the five-year period from 2020 to 2024.
In December 31, 2020, the return on total capital was 8.56%, which increased to 11.54% by December 31, 2021. There was a slight decline in this ratio to 8.12% by December 31, 2022, followed by a significant improvement to 14.21% by December 31, 2023. Finally, by December 31, 2024, the return on total capital remained strong at 13.29%.
Overall, Comcast Corp's return on total capital has shown variability, with some years demonstrating a higher return than others. The company's ability to generate returns on its total capital has been improving, as evident from the increasing trend observed over the years, indicating a more efficient use of its invested capital. This indicates positive performance in terms of profitability and efficient capital allocation.
Peer comparison
Dec 31, 2024