Evergy, Inc. (EVRG)

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	1,471,100	1,428,900	1,297,000	1,262,800	1,277,600	1,186,600	1,269,000	1,261,700	1,209,200	1,281,600	1,301,900	1,283,900	1,366,700	1,362,400	1,269,700	1,239,400	1,107,800	1,558,900	1,573,900	1,566,900
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	9,955,000	3,408,100	9,703,600	9,639,100	9,663,100	9,749,000	9,534,900	9,489,000	9,483,700	9,609,000	9,307,300	9,237,100	9,244,400	9,317,800	8,986,000	8,806,300	8,733,400	8,802,100	8,547,800	8,529,200
Return on total capital		14.78%	41.93%	13.37%	13.10%	13.22%	12.17%	13.31%	13.30%	12.75%	13.34%	13.99%	13.90%	14.78%	14.62%	14.13%	14.07%	12.68%	17.71%	18.41%	18.37%

December 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,471,100K ÷ ($—K + $9,955,000K)
= 14.78%

Evergy, Inc.'s return on total capital has shown fluctuating trends over the periods mentioned. From March 31, 2020, to September 30, 2020, the return on total capital remained relatively stable, averaging around 18%. However, there was a significant drop in return by the end of December 31, 2020, down to 12.68%.

Subsequently, there was a gradual recovery in the return on total capital from March 31, 2021, reaching 14.78% by December 31, 2021. The return showed some variability in the following periods but generally stayed above 13%, with occasional increases. Notably, there was a sharp increase in return on total capital to 41.93% by September 30, 2024, which could be an outlier or may require further investigation.

Overall, Evergy, Inc. has managed to maintain a return on total capital above 13% in most periods, indicating efficiency in utilizing its total capital resources to generate returns for shareholders.