Hasbro Inc (HAS)
Return on total capital
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 668,200 | -517,000 | -1,021,400 | -1,428,600 | -1,522,800 | -442,300 | -66,900 | 336,000 | 432,500 | 681,200 | 840,400 | 706,000 | 761,600 | 817,202 | 799,102 | 717,802 | 523,102 | 670,743 | 604,653 | 626,879 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,185,000 | 1,287,200 | 1,150,600 | 1,005,900 | 1,061,900 | 2,223,200 | 2,470,200 | 2,758,700 | 2,832,800 | 2,976,000 | 2,983,600 | 3,080,700 | 3,063,100 | 3,057,200 | 2,890,400 | 2,959,900 | 2,936,740 | 2,808,430 | 2,642,150 | 2,736,490 |
| Return on total capital | 56.39% | -40.16% | -88.77% | -142.02% | -143.40% | -19.89% | -2.71% | 12.18% | 15.27% | 22.89% | 28.17% | 22.92% | 24.86% | 26.73% | 27.65% | 24.25% | 17.81% | 23.88% | 22.88% | 22.91% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $668,200K ÷ ($—K + $1,185,000K)
= 56.39%
The return on total capital for Hasbro Inc has fluctuated significantly over the analyzed period. Starting from March 31, 2020, where it stood at 22.91%, the ratio remained relatively stable until December 31, 2020, when it decreased to 17.81%. Subsequently, the return on total capital saw an increase, reaching its peak at June 30, 2021, with 27.65%. The ratio maintained a high level until September 30, 2021, at 26.73%. However, by December 31, 2021, there was a slight decline to 24.86%.
For the following periods, there were fluctuations in the return on total capital, with a notable decrease by December 31, 2022, to 15.27%. The trend continued downwards significantly, with negative rates from March 31, 2023, to September 30, 2024. The ratio hit its lowest point at December 31, 2023, with -143.40%, indicating a substantial loss on the total capital invested. However, there was a notable improvement by the end of December 31, 2024, where the return on total capital turned positive again, reaching 56.39%.
The substantial fluctuations in the return on total capital signal variability in Hasbro Inc's performance in utilizing its total capital efficiently to generate returns for its stakeholders. Further analysis into the underlying factors contributing to these fluctuations would be necessary for a comprehensive understanding of the company's financial health and performance.