Six Flags Entertainment Corporation (FUN)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 346,518 | 378,575 | 159,250 | -459,438 | 485,541 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | -588,246 | 323,277 | 8,943 | 2,599 | 9,746 |
| Return on total capital | — | 117.11% | 1,780.72% | -17,677.49% | 4,981.95% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $346,518K ÷ ($—K + $-588,246K)
= —
The return on total capital for Six Flags Entertainment Corporation has fluctuated significantly over the past five years, as evidenced by the data provided. In 2019, the return on total capital was 4,981.95%, indicating a strong performance in utilizing the total capital to generate profits. However, in 2020, there was a significant decline with a return on total capital of -17,677.49%, signaling a substantial loss compared to the capital invested.
The situation improved in 2021 where the return on total capital increased dramatically to 1,780.72%, indicating a recovery and a more effective use of the total capital. This positive trend continued into 2022, with a return on total capital of 117.11%, suggesting a steady improvement in capital utilization efficiency.
The lack of a specific value for the return on total capital in 2023 indicates that the information may not be available or is yet to be reported. Overall, the significant variations in the return on total capital over the years reflect the company's changing ability to generate profits in relation to the total capital employed. It is important for investors and stakeholders to monitor these fluctuations to assess the company's financial performance and efficiency in capital utilization.
Peer comparison
Dec 31, 2023