EOG Resources Inc (EOG)
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 | 9,837,000 | 10,168,000 | 11,263,000 | 12,172,000 | 10,080,000 | 9,716,000 | 7,489,000 | 5,728,000 | 6,111,000 | 4,054,760 | 2,574,760 | 314,760 | -537,240 | -146,226 | 693,851 | 2,924,121 | 3,730,263 | 4,002,849 | 4,675,772 | 4,492,882 |
| Long-term debt | US$ in thousands | 3,765,000 | 3,772,000 | 3,780,000 | 3,787,000 | 3,795,000 | 3,802,000 | 3,809,000 | 3,816,000 | 5,072,000 | 5,079,000 | 5,086,000 | 5,094,000 | 5,035,000 | 4,949,900 | 5,703,140 | 4,703,150 | 4,160,920 | 4,163,120 | 4,165,280 | 5,166,050 |
| Total stockholders’ equity | US$ in thousands | 28,090,000 | 27,758,000 | 26,257,000 | 25,447,000 | 24,779,000 | 23,849,000 | 22,312,000 | 21,540,000 | 22,180,000 | 21,765,000 | 20,881,000 | 20,762,000 | 20,302,000 | 20,148,300 | 20,387,600 | 21,470,700 | 21,640,000 | 21,124,300 | 20,630,300 | 19,903,800 |
| Return on total capital | 30.88% | 32.25% | 37.50% | 41.64% | 35.28% | 35.14% | 28.67% | 22.59% | 22.42% | 15.10% | 9.92% | 1.22% | -2.12% | -0.58% | 2.66% | 11.17% | 14.46% | 15.83% | 18.86% | 17.92% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $9,837,000K ÷ ($3,765,000K + $28,090,000K)
= 30.88%
The return on total capital of EOG Resources, Inc. has shown fluctuations over the past eight quarters. The trend indicates an overall improvement in the company's ability to generate returns relative to its total capital invested.
The return on total capital ranged from 22.97% in Q1 2022 to a peak of 41.95% in Q1 2023. Notably, there was a steady increase from Q1 2022 to Q1 2023, reflecting a consistently improving performance in maximizing returns on invested capital.
The company's ability to achieve returns above 30% in most of the recent quarters indicates strong efficiency in utilizing its total capital to generate profits. This trend suggests that EOG Resources, Inc. has been effectively managing its capital allocation and operational efficiency to create value for its stakeholders.
Overall, the increasing trend in the return on total capital for EOG Resources, Inc. signifies positive financial performance and efficient capital management during the analyzed period.
Peer comparison
Dec 31, 2023