CMS Energy Corporation (CMS)
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 | 1,597,000 | 1,719,000 | 1,703,000 | 1,819,000 | 1,677,000 | 1,461,000 | 1,424,000 | 1,313,000 | 1,449,000 | 1,888,000 | 1,914,000 | 1,949,000 | 1,948,000 | 1,490,000 | 1,538,000 | 1,502,000 | 1,394,000 | 1,345,000 | 1,339,000 | 1,296,000 |
| Long-term debt | US$ in thousands | 15,194,000 | 15,548,000 | 14,917,000 | 14,973,000 | 14,508,000 | 14,114,000 | 13,925,000 | 12,985,000 | 13,122,000 | 12,685,000 | 11,667,000 | 12,045,000 | 12,046,000 | 12,027,000 | 11,728,000 | 13,561,000 | 11,744,000 | 13,275,000 | 13,414,000 | 12,545,000 |
| Total stockholders’ equity | US$ in thousands | 8,230,000 | 8,111,000 | 8,003,000 | 7,946,000 | 7,544,000 | 7,186,000 | 7,145,000 | 7,080,000 | 7,015,000 | 6,913,000 | 6,878,000 | 6,854,000 | 6,631,000 | 6,090,000 | 5,797,000 | 5,727,000 | 5,496,000 | 5,320,000 | 5,214,000 | 5,185,000 |
| Return on total capital | 6.82% | 7.27% | 7.43% | 7.94% | 7.60% | 6.86% | 6.76% | 6.54% | 7.20% | 9.63% | 10.32% | 10.31% | 10.43% | 8.22% | 8.78% | 7.79% | 8.09% | 7.23% | 7.19% | 7.31% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,597,000K ÷ ($15,194,000K + $8,230,000K)
= 6.82%
The Return on Total Capital for CMS Energy Corporation has shown fluctuations over the past five years, ranging from a low of 6.54% in March 2023 to a high of 10.43% in December 2021. The trend indicates that the company has generally been able to maintain a respectable level of return on total capital, with some periods of improvement and slight declines. The metric peaked in the latter part of 2021 and early 2022 but has since trended downwards, decreasing to 6.82% by December 2024. This variation suggests that the company's efficiency in generating profits from its total capital has not remained consistent and may require further analysis to understand the factors driving these fluctuations.
Peer comparison
Dec 31, 2024