HF Sinclair Corp (DINO)
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 | 326,710 | 492,076 | 1,658,826 | 2,168,604 | 2,264,658 | 3,152,560 | 3,413,020 | 4,384,374 | 4,134,157 | 3,260,340 | 2,226,255 | 889,605 | 788,271 | 696,185 | 367,992 | -127,331 | -705,924 | -468,232 | -11,753 | 630,190 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 9,346,000 | 9,603,680 | 9,889,930 | 10,208,300 | 10,169,100 | 9,824,680 | 9,708,950 | 9,270,660 | 9,243,820 | 9,015,280 | 9,109,710 | 8,116,230 | 5,687,880 | 5,726,740 | 5,443,380 | 5,259,190 | 5,168,360 | 5,336,140 | 5,382,580 | 5,594,160 |
| Return on total capital | 3.50% | 5.12% | 16.77% | 21.24% | 22.27% | 32.09% | 35.15% | 47.29% | 44.72% | 36.16% | 24.44% | 10.96% | 13.86% | 12.16% | 6.76% | -2.42% | -13.66% | -8.77% | -0.22% | 11.27% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $326,710K ÷ ($—K + $9,346,000K)
= 3.50%
HF Sinclair Corp's return on total capital fluctuated over the analyzed period. Starting at 11.27% in March 2020, the return on total capital turned negative for the next three quarters, indicating a period of underperformance. From June 2021 onwards, there was a significant improvement, with the return on total capital consistently increasing to reach 47.29% in March 2023, demonstrating a strong rebound in profitability and capital efficiency. However, the ratio declined in the subsequent quarters, settling at 3.50% by December 2024. Overall, the company's return on total capital showed variability but displayed a positive trend in the mid-term followed by a decline towards the end of the analyzed period.