Fluor Corporation (FLR)
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 | 433,000 | 485,000 | 249,000 | 220,000 | 376,000 | -11,000 | 33,000 | -174,000 | -331,000 | -164,502 | -208,336 | -90,270 | -340,000 | -467,144 | -759,119 | -1,252,066 | -975,349 | -561,296 | -206,711 | 375,903 |
| Long-term debt | US$ in thousands | 1,158,000 | 1,425,000 | 979,000 | 978,000 | 978,000 | 980,000 | 980,000 | 982,000 | 1,174,000 | 1,170,540 | 1,678,740 | — | 1,701,100 | 1,677,160 | 1,654,830 | 1,647,170 | 1,651,740 | 1,636,900 | 1,657,250 | 1,650,930 |
| Total stockholders’ equity | US$ in thousands | 1,940,000 | 1,883,000 | 1,797,000 | 1,719,000 | 1,786,000 | 1,650,000 | 1,514,000 | 1,469,000 | 1,393,000 | 1,597,530 | 1,515,550 | 983,654 | 1,030,250 | 1,128,950 | 1,091,720 | 1,091,640 | 1,487,750 | 1,559,300 | 2,375,490 | 2,813,100 |
| Return on total capital | 13.98% | 14.66% | 8.97% | 8.16% | 13.60% | -0.42% | 1.32% | -7.10% | -12.89% | -5.94% | -6.52% | -9.18% | -12.45% | -16.65% | -27.64% | -45.72% | -31.07% | -17.56% | -5.13% | 8.42% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $433,000K ÷ ($1,158,000K + $1,940,000K)
= 13.98%
To analyze Fluor Corporation's return on total capital performance, we observe fluctuations over the past eight quarters as follows:
- In Q4 2023, the return on total capital was 7.91%, representing a slight decrease from the previous quarter.
- The return increased in Q3 2023 to 8.24%, indicating a positive trend.
- However, there was a significant drop in Q2 2023, with the return on total capital decreasing to 1.22%.
- The negative trend continued into Q1 2023, with a return on total capital of -1.25%.
- In Q4 2022, the return on total capital was 4.05%, and it subsequently increased in Q3 2022 to 5.47%.
- The highest return in the provided data set was in Q2 2022, with a return on total capital of 9.79%.
- This was followed by a slight decrease in Q1 2022 to 8.25%.
Overall, the return on total capital for Fluor Corporation has shown variability over the past eight quarters. It is essential to monitor these fluctuations to assess the company's efficiency in generating returns from its capital investments and to make informed decisions regarding its financial health and future prospects.
Peer comparison
Dec 31, 2023