Exelixis Inc (EXEL)
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 | 604,617 | 523,199 | 369,541 | 171,517 | 170,885 | 41,019 | 141,215 | 147,071 | 201,484 | 366,206 | 335,214 | 374,516 | 286,666 | 194,319 | 100,118 | 52,644 | 110,060 | 163,079 | 321,265 | 337,720 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,244,200 | 2,275,420 | 2,119,730 | 2,128,010 | 2,263,910 | 2,347,620 | 2,527,940 | 2,555,140 | 2,488,430 | 2,491,400 | 2,391,260 | 2,293,850 | 2,210,620 | 2,112,450 | 2,043,080 | 1,911,190 | 1,879,110 | 1,852,030 | 1,833,320 | 1,747,650 |
| Return on total capital | 26.94% | 22.99% | 17.43% | 8.06% | 7.55% | 1.75% | 5.59% | 5.76% | 8.10% | 14.70% | 14.02% | 16.33% | 12.97% | 9.20% | 4.90% | 2.75% | 5.86% | 8.81% | 17.52% | 19.32% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $604,617K ÷ ($—K + $2,244,200K)
= 26.94%
Exelixis Inc's return on total capital has displayed fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio has ranged from a high of 26.94% in December 31, 2024, to a low of 1.75% in September 30, 2023.
Initially, the return on total capital was relatively high, above 15%, from March 2020 to June 2022. However, there was a noticeable dip in the ratio from September 2022 to March 2023, hovering around 5-9%. Subsequently, the ratio experienced a mixed trend, with some quarters showing an uptick while others displayed a decline.
In the most recent quarters, the return on total capital has shown an upward trajectory, reaching 26.94% by December 31, 2024, indicating a significant improvement in the company's capital efficiency and profitability.
Overall, it is essential for Exelixis Inc to closely monitor and manage its return on total capital to ensure sustainable growth and value creation for its stakeholders.
Peer comparison
Dec 31, 2024