Comcast Corp (CMCSA)
Return on total capital
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 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 | 21,297,000 | 20,287,000 | 19,843,000 | 19,719,000 |
| Long-term debt | US$ in thousands | 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 | 115,800,000 | 114,100,000 | 118,500,000 | 115,800,000 |
| Total stockholders’ equity | US$ in thousands | 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 | 82,726,000 | 78,144,000 | 76,850,000 | 74,959,000 |
| Return on total capital | 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% | 10.73% | 10.55% | 10.16% | 10.34% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $24,846,000K ÷ ($92,200,000K + $82,703,000K)
= 14.21%
Comcast Corp's return on total capital fluctuated over the past eight quarters, ranging from 12.34% to 13.41%. The return on total capital measures the company's ability to generate profits from the capital invested by both equity and debt holders. The consistent positive values indicate that Comcast has been efficiently using its capital to generate profits. Despite some fluctuations, the return on total capital has generally remained within a relatively narrow range, suggesting stability in the company's capital utilization efficiency. This performance indicates that Comcast has been effectively managing its capital to generate returns for its investors and creditors. It is essential to continue monitoring this metric to assess Comcast's ongoing capital allocation and operational efficiency.
Peer comparison
Dec 31, 2023