Comstock Resources Inc (CRK)
Return on total capital
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | -157,208 | 86,000 | 133,850 | 230,309 | 416,007 | 893,635 | 1,331,482 | 1,882,079 | 1,573,035 | 1,426,689 | 712,514 | -8,111 | -11,837 | -320,694 | -215,043 | -33,308 | 173,202 | 110,090 | 280,468 | 346,802 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,241,020 | 2,295,270 | 2,320,320 | 2,445,960 | 2,358,410 | 2,282,760 | 2,300,190 | 2,380,180 | 2,278,310 | 1,794,420 | 1,446,280 | 1,073,520 | 1,187,780 | 830,281 | 1,122,410 | 1,304,990 | 1,441,770 | 1,362,680 | 1,317,500 | 1,556,480 |
| Return on total capital | -7.02% | 3.75% | 5.77% | 9.42% | 17.64% | 39.15% | 57.89% | 79.07% | 69.04% | 79.51% | 49.27% | -0.76% | -1.00% | -38.62% | -19.16% | -2.55% | 12.01% | 8.08% | 21.29% | 22.28% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-157,208K ÷ ($—K + $2,241,020K)
= -7.02%
Comstock Resources Inc's return on total capital has shown significant fluctuations over the periods provided. From March 31, 2020 to September 30, 2021, the return on total capital experienced a declining trend, falling from 22.28% to -38.62%. This negative trend may indicate potential issues with the company's capital management or profitability during this period.
However, starting from June 30, 2022, the return on total capital began to recover substantially, reaching as high as 79.51% by September 30, 2022. This marked improvement suggests that the company may have implemented strategies to enhance its capital efficiency and profitability.
Overall, the return on total capital for Comstock Resources Inc has shown volatility, with periods of both strong performance and significant decline. Investors and stakeholders should continue to monitor the company's financial performance to assess its sustainability and long-term growth prospects.
Peer comparison
Dec 31, 2024