Godaddy Inc (GDDY)
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 | 582,000 | 529,000 | 490,000 | 487,100 | 502,100 | 487,700 | 485,000 | 448,700 | 379,100 | 347,500 | 310,800 | -429,100 | -405,100 | -419,400 | -416,200 | 246,400 | 217,100 | 200,300 | 141,200 | 173,100 |
| Long-term debt | US$ in thousands | 3,798,500 | 3,802,300 | 3,806,000 | 3,809,600 | 3,812,900 | 3,842,900 | 3,848,000 | 3,852,800 | 3,858,200 | 3,863,700 | 3,869,300 | 3,874,900 | 3,090,100 | 3,097,400 | 2,368,000 | 2,372,300 | 2,376,800 | 2,383,100 | 2,387,700 | 2,390,000 |
| Total stockholders’ equity | US$ in thousands | 62,200 | -976,300 | -667,100 | -357,900 | -331,800 | -278,400 | -447,200 | -470,500 | 81,700 | -102,800 | -33,300 | -72,800 | -12,900 | -164,200 | -261,300 | 480,700 | 772,000 | 667,900 | 945,100 | 910,400 |
| Return on total capital | 15.07% | 18.72% | 15.61% | 14.11% | 14.42% | 13.68% | 14.26% | 13.27% | 9.62% | 9.24% | 8.10% | -11.29% | -13.16% | -14.30% | -19.76% | 8.64% | 6.89% | 6.57% | 4.24% | 5.24% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $582,000K ÷ ($3,798,500K + $62,200K)
= 15.07%
Godaddy Inc's return on total capital has shown a fluctuating trend over the past eight quarters. The company's return on total capital ranged from 13.31% to 20.14% during this period.
In Q3 2023, the return on total capital reached its peak at 20.14%, indicating that the company generated a higher return relative to its total invested capital during that quarter. However, this was followed by a slight decrease in the subsequent quarter to 16.82%.
Overall, Godaddy Inc has demonstrated a generally positive performance in terms of generating returns on its total capital, with the latest reported figure standing at 16.45% in Q4 2023. This suggests that the company is efficiently utilizing its capital to generate profits for its shareholders and stakeholders.
It is important for investors and stakeholders to continue monitoring Godaddy Inc's return on total capital to assess the company's ongoing financial performance and efficiency in utilizing its capital resources.
Peer comparison
Dec 31, 2023