Hasbro Inc (HAS)
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 | -1,524,300 | -443,800 | -66,700 | 337,800 | 433,000 | 679,400 | 835,900 | 699,000 | 755,000 | 812,273 | 796,773 | 715,473 | 520,273 | 668,909 | 601,919 | 625,145 | 696,154 | 379,852 | 415,915 | 478,716 |
| Long-term debt | US$ in thousands | 2,965,800 | 3,654,600 | 3,668,500 | 3,682,400 | 3,711,200 | 3,725,100 | 3,739,000 | 3,737,900 | 3,824,200 | 3,977,400 | 4,388,700 | 4,674,100 | 4,660,000 | 4,777,800 | 4,802,500 | 5,156,300 | 4,046,460 | 1,696,200 | 1,695,830 | 1,695,460 |
| Total stockholders’ equity | US$ in thousands | 1,087,000 | 2,223,200 | 2,470,200 | 2,758,700 | 2,861,900 | 2,999,000 | 3,035,800 | 3,104,200 | 3,087,000 | 3,080,100 | 2,914,900 | 2,983,900 | 2,961,100 | 2,831,300 | 2,666,300 | 2,790,500 | 2,995,530 | 1,840,910 | 1,715,870 | 1,654,530 |
| Return on total capital | -37.61% | -7.55% | -1.09% | 5.24% | 6.59% | 10.10% | 12.34% | 10.22% | 10.92% | 11.51% | 10.91% | 9.34% | 6.83% | 8.79% | 8.06% | 7.87% | 9.89% | 10.74% | 12.19% | 14.29% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-1,524,300K ÷ ($2,965,800K + $1,087,000K)
= -37.61%
Hasbro, Inc.'s return on total capital has shown a declining trend over the last four quarters, starting at 12.73% in Q2 2022 and decreasing to 4.23% in Q4 2023. This indicates a decrease in the company's ability to generate profits from the capital invested in its operations.
The decrease in return on total capital could be a cause of concern as it may suggest inefficiencies in the company's operations or a decline in its profitability. It is important for investors and analysts to closely monitor this trend and investigate the factors contributing to the decline in order to assess the company's overall financial health and performance.