Coty Inc (COTY)
Return on total capital
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 515,200 | 630,000 | 776,200 | 804,300 | 950,900 | 576,000 | 487,600 | 518,000 | 665,500 | 898,300 | 831,400 | 226,400 | -141,500 | -1,116,100 | -1,436,900 | -1,210,900 | -1,151,100 | -3,010,300 | -2,672,900 | -3,474,600 |
| Long-term debt | US$ in thousands | 3,841,800 | 3,902,300 | 3,682,900 | 4,095,400 | 4,178,200 | 4,225,000 | 4,014,000 | 4,312,800 | 4,409,100 | 4,316,900 | 4,878,500 | 5,250,000 | 5,401,000 | 5,182,400 | 5,139,900 | 8,134,800 | 7,892,100 | 9,172,000 | 7,233,800 | 7,453,500 |
| Total stockholders’ equity | US$ in thousands | 3,827,100 | 3,992,600 | 4,424,800 | 3,721,300 | 3,811,100 | 3,737,600 | 3,531,400 | 3,051,800 | 3,154,500 | 3,598,700 | 3,471,500 | 3,243,400 | 2,860,700 | 2,962,200 | 3,077,400 | 3,201,100 | 3,004,600 | 3,732,200 | 4,471,700 | 4,455,000 |
| Return on total capital | 6.72% | 7.98% | 9.57% | 10.29% | 11.90% | 7.23% | 6.46% | 7.03% | 8.80% | 11.35% | 9.96% | 2.67% | -1.71% | -13.70% | -17.49% | -10.68% | -10.56% | -23.33% | -22.83% | -29.18% |
June 30, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $515,200K ÷ ($3,841,800K + $3,827,100K)
= 6.72%
The return on total capital for Coty Inc has displayed fluctuations over the historical periods examined. For the most recent quarter, the return on total capital was 6.72%, showing a slight decline from the previous quarter. The trend over the past few quarters indicates a general improvement in the return on total capital, with peaks observed in the middle of the historical period.
It is notable that the return on total capital had experienced a significant decline in the last three quarters of 2021, with negative returns recorded during that period. However, Coty Inc managed to reverse this trend and has been gradually improving its return on total capital since then.
Overall, the return on total capital for Coty Inc demonstrates variability but with recent signs of stabilization and improvement. Further monitoring of this ratio will be essential to assess the company's ability to generate returns on its total capital consistently.
Peer comparison
Jun 30, 2024