Warrior Met Coal Inc (HCC)
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 | 541,406 | 525,458 | 542,143 | 824,235 | 801,424 | 868,076 | 794,884 | 419,523 | 243,753 | 21,715 | -44,056 | -46,557 | -27,139 | 34,710 | 103,836 | 257,112 | 383,394 | 516,541 | 524,661 | 477,812 |
| Long-term debt | US$ in thousands | 153,023 | 152,883 | 295,311 | 295,051 | 302,588 | 303,916 | 340,356 | 340,078 | 339,806 | 340,491 | 380,292 | 380,098 | 379,908 | 379,722 | 379,541 | 409,363 | 339,189 | 339,020 | 338,854 | 338,699 |
| Total stockholders’ equity | US$ in thousands | 1,874,450 | 1,745,210 | 1,661,300 | 1,578,290 | 1,447,520 | 1,347,630 | 1,291,060 | 1,018,610 | 871,983 | 735,363 | 698,154 | 700,303 | 725,241 | 759,711 | 774,963 | 785,122 | 765,582 | 745,937 | 712,658 | 819,064 |
| Return on total capital | 26.70% | 27.68% | 27.71% | 44.00% | 45.79% | 52.56% | 48.72% | 30.88% | 20.12% | 2.02% | -4.09% | -4.31% | -2.46% | 3.05% | 8.99% | 21.52% | 34.70% | 47.61% | 49.90% | 41.27% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $541,406K ÷ ($153,023K + $1,874,450K)
= 26.70%
Warrior Met Coal Inc's return on total capital has shown fluctuations over the past few quarters, with Q1 2023 and Q2 2023 demonstrating the highest returns at 44.87% and 28.60%, respectively. However, there was a significant decrease in the return on total capital in Q4 2023 compared to the previous quarter, dropping to 26.84%. Despite this decline, the company has generally maintained strong returns on total capital over the analyzed periods, with the results ranging from 26.84% to 54.42%. This indicates that Warrior Met Coal Inc has been effectively utilizing its total capital to generate profits, although the recent downward trend in the return on total capital may warrant further analysis to understand the underlying factors impacting the company's performance.
Peer comparison
Dec 31, 2023