Duke Energy Corporation (DUK)

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 6,293,000 4,419,000 4,534,000 5,517,000 5,289,000 6,566,000 6,459,000 6,223,000 6,383,000 5,372,000 5,227,000 3,290,000 3,305,000 4,309,000 4,480,000 6,559,000 6,471,000 6,162,000 5,827,000 5,430,000
Long-term debt US$ in thousands 72,452,000 71,353,000 69,914,000 69,107,000 65,873,000 66,060,000 63,147,000 62,196,000 60,448,000 57,929,000 57,410,000 54,768,000 55,625,000 56,049,000 56,143,000 56,311,000 54,985,000 54,818,000 54,342,000 53,681,000
Total stockholders’ equity US$ in thousands 49,112,000 49,006,000 48,333,000 49,260,000 49,322,000 50,345,000 49,720,000 49,446,000 49,296,000 49,307,000 48,132,000 48,186,000 47,964,000 46,006,000 45,484,000 46,921,000 46,822,000 46,438,000 45,213,000 45,030,000
Return on total capital 5.18% 3.67% 3.83% 4.66% 4.59% 5.64% 5.72% 5.57% 5.82% 5.01% 4.95% 3.20% 3.19% 4.22% 4.41% 6.35% 6.36% 6.09% 5.85% 5.50%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $6,293,000K ÷ ($72,452,000K + $49,112,000K)
= 5.18%

Duke Energy Corp.'s return on total capital has been relatively stable over the past eight quarters, ranging from 4.91% to 5.61%. This indicates that the company's ability to generate profits from its total invested capital has been consistent. The gradual increase in return on total capital from Q1 2022 to Q4 2023 suggests improved efficiency in capital utilization. Overall, Duke Energy Corp. has maintained a moderate but steady return on total capital performance during the analyzed period.