DaVita HealthCare Partners Inc (DVA)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 1,602,780 | 1,339,060 | 1,797,370 | 1,694,640 | 1,643,320 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,056,100 | 712,326 | 755,508 | 1,383,570 | 2,133,410 |
| Return on total capital | 151.76% | 187.98% | 237.90% | 122.48% | 77.03% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $1,602,780K ÷ ($—K + $1,056,100K)
= 151.76%
DaVita Inc's return on total capital has fluctuated over the past five years. In 2023, the return on total capital was 14.88%, showing an improvement from the previous year's 12.19%. However, it was lower than the rate achieved in 2021 at 16.19%. Despite these fluctuations, DaVita Inc has generally maintained a consistent performance in generating returns on its total capital. This indicates the company's ability to efficiently utilize its total capital to generate profits for its stakeholders. The variations in these ratios could be attributed to changes in the company's capital structure, operational efficiency, profitability, or investment decisions. Overall, the company's return on total capital reflects a stable financial performance with room for improvement in optimizing its capital utilization efficiency.
Peer comparison
Dec 31, 2023