Intel Corporation (INTC)
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 | 1,654,000 | -2,060,000 | -2,273,000 | -2,479,000 | 8,261,000 | 14,239,000 | 21,315,000 | 27,989,000 | 22,300,000 | 24,608,000 | 22,807,000 | 23,054,000 | 25,707,000 | 26,247,000 | 27,872,000 | 26,610,000 | 24,546,000 | 22,136,000 | 22,561,000 | 23,347,000 |
| Long-term debt | US$ in thousands | 46,978,000 | 46,591,000 | 46,335,000 | 48,836,000 | 37,684,000 | 37,240,000 | 32,548,000 | 32,788,000 | 33,510,000 | 35,610,000 | 31,714,000 | 33,237,000 | 33,897,000 | 36,059,000 | 36,093,000 | 36,455,000 | 25,308,000 | 23,707,000 | 25,089,000 | 25,737,000 |
| Total stockholders’ equity | US$ in thousands | 105,590,000 | 101,813,000 | 101,017,000 | 98,059,000 | 101,423,000 | 99,885,000 | 101,218,000 | 103,136,000 | 95,391,000 | 90,087,000 | 85,207,000 | 79,807,000 | 81,073,000 | 74,554,000 | 82,010,000 | 76,354,000 | 77,504,000 | 74,242,000 | 74,947,000 | 73,661,000 |
| Return on total capital | 1.08% | -1.39% | -1.54% | -1.69% | 5.94% | 10.38% | 15.93% | 20.59% | 17.30% | 19.58% | 19.51% | 20.39% | 22.36% | 23.73% | 23.60% | 23.59% | 23.87% | 22.60% | 22.55% | 23.49% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,654,000K ÷ ($46,978,000K + $105,590,000K)
= 1.08%
The return on total capital for Intel Corporation has shown fluctuating trends over the periods provided. It started strong at 23.49% in March 2019, declined to 1.08% in December 2023, and has been negative in more recent periods, indicating a decrease in the company's profitability relative to its total invested capital. The return on total capital peaked at 23.73% in September 2020 but has since been on a downward trajectory. This suggests that Intel may be facing challenges in generating sufficient returns from its capital investments, which can impact its overall financial performance and efficiency in utilizing its resources. Further analysis and investigation into the factors causing these fluctuations would be essential to assess Intel's long-term sustainability and competitiveness.
Peer comparison
Dec 31, 2023