Exelon Corporation (EXC)

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	4,025,000	3,642,000	3,530,000	3,520,000	3,314,000	3,127,000	2,872,000	2,758,000	2,682,000	1,797,000	1,810,000	1,795,000	2,191,000	3,516,000	4,100,000	4,376,000	4,374,000	4,118,000	3,909,000	4,008,000
Long-term debt	US$ in thousands	331,000	39,431,000	39,492,000	38,732,000	35,272,000	35,283,000	35,789,000	35,008,000	30,749,000	35,269,000	35,077,000	36,248,000	35,093,000	35,512,000	36,112,000	34,808,000	31,329,000	32,056,000	31,909,000	32,960,000
Total stockholders’ equity	US$ in thousands	25,755,000	25,470,000	25,079,000	25,066,000	24,744,000	24,582,000	23,656,000	23,491,000	34,393,000	33,851,000	32,140,000	32,015,000	32,585,000	32,884,000	32,703,000	32,482,000	32,224,000	32,023,000	31,548,000	31,357,000
Return on total capital		15.43%	5.61%	5.47%	5.52%	5.52%	5.22%	4.83%	4.71%	4.12%	2.60%	2.69%	2.63%	3.24%	5.14%	5.96%	6.50%	6.88%	6.43%	6.16%	6.23%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $4,025,000K ÷ ($331,000K + $25,755,000K)
= 15.43%

Exelon Corp.'s return on total capital has shown relative stability over the past eight quarters, ranging from a low of 5.01% in Q3 2022 to a high of 6.33% in Q2 2022. The return on total capital indicates that the company is generating a positive return on both debt and equity investments. The consistent performance around the 5% mark suggests that Exelon Corp. is effectively utilizing its capital to generate profits. However, it would be advisable for the company to closely monitor and potentially improve this ratio to ensure sustained profitability and efficiency in capital deployment.