Comcast Corp (CMCSA)
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 | 23,674,000 | 23,850,000 | 24,565,000 | 24,713,000 | 24,846,000 | 24,471,000 | 15,273,000 | 14,115,000 | 13,625,000 | 13,913,000 | 22,857,000 | 24,063,000 | 23,699,000 | 24,020,000 | 21,678,000 | 19,893,000 | 18,486,000 | 18,219,000 | 19,400,000 | 19,577,000 |
| Long-term debt | US$ in thousands | 89,800,000 | — | — | — | 92,200,000 | 85,500,000 | 90,500,000 | 89,900,000 | 86,900,000 | 82,100,000 | 90,400,000 | 99,800,000 | 109,300,000 | 112,400,000 | 114,700,000 | 117,800,000 | 125,600,000 | 124,200,000 | 124,700,000 | 118,800,000 |
| Total stockholders’ equity | US$ in thousands | 85,560,000 | 85,774,000 | 83,219,000 | 82,549,000 | 82,703,000 | 82,625,000 | 84,119,000 | 82,421,000 | 80,943,000 | 80,296,000 | 91,426,000 | 94,693,000 | 96,092,000 | 95,782,000 | 94,935,000 | 92,575,000 | 90,323,000 | 86,176,000 | 83,614,000 | 81,506,000 |
| Return on total capital | 13.50% | 27.81% | 29.52% | 29.94% | 14.21% | 14.56% | 8.75% | 8.19% | 8.12% | 8.57% | 12.57% | 12.37% | 11.54% | 11.54% | 10.34% | 9.46% | 8.56% | 8.66% | 9.31% | 9.77% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $23,674,000K ÷ ($89,800,000K + $85,560,000K)
= 13.50%
Comcast Corp's return on total capital has shown fluctuations over the analyzed period, ranging from 8.12% to a peak of 29.94%. The ratio started at 9.77% in March 2020, decreased to 8.56% by December 2020, and then demonstrated a gradual increase to reach 11.54% by December 2021. However, there was a significant spike in the ratio to 29.94% in March 2024, followed by a slight decrease to 13.50% by December 2024.
The variation in Comcast's return on total capital can be attributed to changes in the company's capital structure, profitability, and overall efficiency in generating returns from its capital investments. Investors and stakeholders may closely monitor this ratio to assess Comcast's ability to generate profits in relation to the total capital employed in its operations. Further analysis would be required to understand the specific factors driving the fluctuations in Comcast's return on total capital over the period under review.
Peer comparison
Dec 31, 2024