ConocoPhillips (COP)
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 | 25,065,000 | 25,903,000 | 29,173,000 | 33,653,000 | 36,311,000 | 35,782,000 | 31,966,000 | 27,985,000 | 22,718,000 | 17,439,000 | 12,892,000 | 8,363,000 | 4,746,000 | 5,266,000 | 7,431,000 | 9,910,000 | 14,233,000 | 16,937,000 | 18,347,000 | 18,183,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 49,279,000 | 47,745,000 | 47,531,000 | 47,783,000 | 48,003,000 | 49,079,000 | 50,202,000 | 49,218,000 | 45,406,000 | 44,115,000 | 44,276,000 | 43,155,000 | 29,849,000 | 30,783,000 | 31,493,000 | 31,315,000 | 34,981,000 | 35,146,000 | 32,976,000 | 32,859,000 |
| Return on total capital | 50.86% | 54.25% | 61.38% | 70.43% | 75.64% | 72.91% | 63.67% | 56.86% | 50.03% | 39.53% | 29.12% | 19.38% | 15.90% | 17.11% | 23.60% | 31.65% | 40.69% | 48.19% | 55.64% | 55.34% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $25,065,000K ÷ ($—K + $49,279,000K)
= 50.86%
Conoco Phillips has shown a fluctuating trend in its return on total capital over the past eight quarters. The company's return on total capital ranged from a low of 24.13% in Q4 2023 to a high of 42.22% in Q4 2022. The performance peaked in Q4 2022, gradually decreasing before experiencing a significant drop in Q4 2023. Despite this decline, the return on total capital remained above 24% throughout the period, indicating the company's ability to generate profit relative to its total invested capital. The fluctuations in the return on total capital suggest that Conoco Phillips may be experiencing varying levels of profitability and efficiency in capital utilization over the quarters analyzed.
Peer comparison
Dec 31, 2023