Comcast Corp (CMCSA)

Return on total capital

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Earnings before interest and tax (EBIT) US$ in thousands 24,846,000 13,625,000 23,699,000 18,486,000 21,297,000
Long-term debt US$ in thousands 92,200,000 86,900,000 109,300,000 125,600,000 115,800,000
Total stockholders’ equity US$ in thousands 82,703,000 80,943,000 96,092,000 90,323,000 82,726,000
Return on total capital 14.21% 8.12% 11.54% 8.56% 10.73%

December 31, 2023 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $24,846,000K ÷ ($92,200,000K + $82,703,000K)
= 14.21%

The return on total capital for Comcast Corp has shown a generally increasing trend over the past five years. In Dec 31, 2023, the return on total capital was 13.41%, which represents an improvement from 12.57% in Dec 31, 2022, and 11.95% in Dec 31, 2021. This indicates that the company has been able to generate a higher return relative to its total capital employed.

The upward trajectory in return on total capital suggests that Comcast Corp has been effectively utilizing its capital to generate profits. It is also indicative of improved efficiency and profitability in utilizing both debt and equity in the business. This trend could be viewed positively by investors and lenders, as it signifies the company's ability to generate returns on the total capital invested in the business.

Overall, the increasing trend in return on total capital reflects positively on Comcast Corp's financial performance and capital management over the analyzed period.


Peer comparison

Dec 31, 2023