Concentra Group Holdings Parent, Inc. (CON)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 287,104 | 256,537 | 307,419 |
| Long-term debt | US$ in thousands | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,155,600 | 973,317 | — |
| Return on total capital | 24.84% | 26.36% | — |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $287,104K ÷ ($—K + $1,155,600K)
= 24.84%
Concentra Group Holdings Parent, Inc. has shown a consistent return on total capital over the past two years, with figures of 26.36% in 2022 and 24.84% in 2023. This indicates the company's ability to generate earnings relative to the total capital employed in the business. The slight decrease from 2022 to 2023 may suggest a scenario where the company's profitability dipped slightly compared to the previous year. However, the overall strong performance in both years demonstrates efficient utilization of capital to generate profits. The absence of 2021 data for comparison limits a more comprehensive analysis of the trend over a three-year period.
Peer comparison
Dec 31, 2023