Chesapeake Utilities Corporation (CPK)
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 | 152,241 | 148,073 | 147,522 | 147,398 | 147,985 | 140,465 | 141,300 | 136,278 | 132,472 | 132,776 | 126,043 | 117,353 | 110,456 | 108,088 | 107,757 | 109,651 | 108,492 | 102,915 | 101,862 | 97,611 |
| Long-term debt | US$ in thousands | 1,187,080 | 643,801 | 645,742 | 656,284 | 578,388 | 583,833 | 585,805 | 597,878 | 549,903 | 505,459 | 498,450 | 508,525 | 508,499 | 519,971 | 430,106 | 440,183 | 440,168 | 375,810 | 275,924 | 285,998 |
| Total stockholders’ equity | US$ in thousands | 1,246,100 | 866,677 | 864,228 | 858,588 | 832,801 | 814,438 | 815,701 | 805,512 | 774,130 | 750,962 | 741,564 | 726,388 | 697,085 | 616,690 | 593,277 | 584,129 | 561,577 | 544,711 | 544,384 | 543,659 |
| Return on total capital | 6.26% | 9.80% | 9.77% | 9.73% | 10.49% | 10.05% | 10.08% | 9.71% | 10.01% | 10.57% | 10.16% | 9.50% | 9.16% | 9.51% | 10.53% | 10.70% | 10.83% | 11.18% | 12.42% | 11.77% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $152,241K ÷ ($1,187,080K + $1,246,100K)
= 6.26%
Chesapeake Utilities Corp's return on total capital has shown variability over the past eight quarters. The return on total capital ranged from 6.12% to 9.12% during this period. While the lowest return was recorded in Q4 2023 at 6.12%, the highest return was achieved in Q3 2023 at 9.12%. Overall, the company's return on total capital has been relatively stable, staying within the range of 8.59% to 8.91% for most of the period. This indicates that Chesapeake Utilities Corp has been able to generate a reasonable return on the total capital employed in its operations, which is a positive sign for shareholders and investors. However, it is essential to monitor any significant fluctuations in the return on total capital to assess the company's efficiency in utilizing its capital resources effectively.
Peer comparison
Dec 31, 2023