HCA Holdings Inc (HCA)
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 | 8,795,000 | 9,403,000 | 9,426,000 | 9,321,000 | 9,130,000 | 8,733,000 | 10,145,000 | 10,464,000 | 10,634,000 | 10,028,000 | 7,938,000 | 7,460,000 | 6,381,000 | 6,037,000 | 6,050,000 | 5,770,000 | 6,428,000 | 6,339,000 | 6,438,000 | 6,435,000 |
| Long-term debt | US$ in thousands | 37,169,000 | 36,793,000 | 36,537,000 | 36,478,000 | 37,714,000 | 37,492,000 | 38,657,000 | 36,210,000 | 34,342,000 | 32,049,000 | 32,319,000 | 30,838,000 | 30,795,000 | 30,792,000 | 30,779,000 | 34,699,000 | 33,577,000 | 34,097,000 | 34,120,000 | 31,019,000 |
| Total stockholders’ equity | US$ in thousands | -1,774,000 | -2,477,000 | -2,303,000 | -2,495,000 | -2,767,000 | -3,370,000 | -3,680,000 | -2,033,000 | -933,000 | -695,000 | -593,000 | 247,000 | 572,000 | -974,000 | -1,786,000 | -2,962,000 | -2,808,000 | -3,565,000 | -3,902,000 | -4,354,000 |
| Return on total capital | 24.85% | 27.40% | 27.53% | 27.43% | 26.13% | 25.59% | 29.00% | 30.62% | 31.83% | 31.98% | 25.02% | 24.00% | 20.34% | 20.25% | 20.87% | 18.18% | 20.89% | 20.76% | 21.31% | 24.13% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $8,795,000K ÷ ($37,169,000K + $-1,774,000K)
= 24.85%
HCA Healthcare Inc's return on total capital has shown a stable trend over the past eight quarters, ranging between 25.09% to 27.05%. The company's ability to generate a return on its total capital has remained consistently strong, with the lowest return being 25.09% in Q3 2023 and the highest at 27.05% in Q1 2022. This indicates that HCA Healthcare is efficiently utilizing its capital to generate profits for its shareholders. Overall, the company has maintained a robust performance in terms of return on total capital, reflecting positively on its operational effectiveness and financial management.
Peer comparison
Dec 31, 2023