CVR Energy Inc (CVI)
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 | 1,122,000 | 1,236,000 | 894,000 | 1,072,000 | 962,000 | 766,000 | 838,000 | 442,000 | 87,000 | -81,000 | -302,000 | -334,000 | -334,000 | -138,000 | 67,000 | 285,000 | 580,000 | 635,000 | 640,000 | 556,000 |
| Long-term debt | US$ in thousands | 2,100,000 | — | — | — | 1,400,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 847,000 | 957,000 | 755,000 | 675,000 | 531,000 | 560,000 | 769,000 | 644,000 | 553,000 | 567,000 | 483,000 | 981,000 | 1,019,000 | 1,084,000 | 1,180,000 | 1,225,000 | 1,393,000 | 1,429,000 | 1,384,000 | 1,343,000 |
| Return on total capital | 38.07% | 129.15% | 118.41% | 158.81% | 49.82% | 136.79% | 108.97% | 68.63% | 15.73% | -14.29% | -62.53% | -34.05% | -32.78% | -12.73% | 5.68% | 23.27% | 41.64% | 44.44% | 46.24% | 41.40% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,122,000K ÷ ($2,100,000K + $847,000K)
= 38.07%
The return on total capital for CVR Energy Inc has shown variability over the past eight quarters. The trend appears to be generally positive, with the highest return of 49.00% in Q3 2023 followed by Q1 2023 at 47.86%. This indicates that the company is effectively generating returns on its total capital employed. However, it is important to note the fluctuations in the values over the quarters, with Q2 2022 showing a lower return of 19.87% compared to the other quarters. Overall, the upward trend in the return on total capital suggests that CVR Energy Inc is efficiently utilizing its capital to generate profits.
Peer comparison
Dec 31, 2023