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

Company name
Symbol
Return on total capital
Chesapeake Utilities Corporation
CPK
6.26%
ONEOK Inc
OKE
10.81%
Southwest Gas Holdings Inc
SWX
6.12%