Six Flags Entertainment Corporation (FUN)
Return on total capital
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 385,684 | 348,271 | 356,561 | 386,930 | 437,444 | 499,024 | 531,621 | 519,467 | 489,374 | 324,226 | 307,817 | 159,143 | -223,828 | -307,345 | -302,095 | -171,774 | 227,615 | 472,418 | 485,541 | 475,900 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | -687,361 | -736,202 | -588,246 | -571,053 | 14,437 | 140,110 | 323,277 | 16,453 | 14,615 | 11,796 | 8,943 | 737,521 | 424,783 | 489,741 | 541,732 | 421,735 | 463,832 | 88,997 | 431,270 | 533,024 |
| Return on total capital | — | — | — | — | 3,030.02% | 356.17% | 164.45% | 3,157.28% | 3,348.44% | 2,748.61% | 3,441.99% | 21.58% | -52.69% | -62.76% | -55.76% | -40.73% | 49.07% | 530.82% | 112.58% | 89.28% |
June 30, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $385,684K ÷ ($—K + $-687,361K)
= —
The return on total capital for Six Flags Entertainment Corporation has shown significant fluctuations over the past few quarters. In the most recent quarter, the return on total capital was extremely high at 3,030.02%, indicating a very strong performance in generating profits relative to the total capital employed. This sharp increase from the previous quarter's return of 356.17% suggests a substantial improvement in the company's profitability and efficiency in managing its capital.
Looking further back, there have been periods of both high and low returns on total capital. For example, in the same quarter a year ago (June 30, 2023), the return was also notably high at 3,157.28%. However, there have also been quarters with negative returns, such as in the first and second quarters of 2021, indicating periods of underperformance where the company generated losses relative to its total capital.
Overall, the return on total capital for Six Flags Entertainment Corporation has exhibited significant variability, reflecting fluctuations in the company's financial performance and efficiency in utilizing its capital resources. Investors and stakeholders should closely monitor these fluctuations and consider factors that may impact the company's ability to generate returns on its total capital in the future.
Peer comparison
Jun 30, 2024